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Production-linked incentive: Steel PLI application deadline likely to be extended, again

The deadline for submission of applications under the Rs 6,322-crore production-linked incentive (PLI) scheme for speciality steel is likely to be extended by a month till May 30. Several modifications under the scheme to include sub-categories and small players have necessitated extension of the deadline, sources said. The steel ministry has already had a round …

Raw material price hike forces foundry industry to curtail production

By Nayan Dave Despite increasing demand, foundries across the country are in the process of reducing production activities following an unprecedented hike in raw material prices. Three important centres for the foundry industries, including Kolhapur, Belgaum and Rajkot have cut production by 50%, claimed Devendra Jain, president of The Institute of Indian Foundrymen (IIF), adding …

Urgent need to move towards green steel: Steel minister Ram Chandra Prasad Singh

Speaking during the day-long National Conference on ‘Making India Atmanirbhar in Steel – Role of Secondary Steel Sector’, Singh said the suggestions from the industry will be considered and seamless, transparent and flexible process is the avowed aim of the Centre. Steel minister Ram Chandra Prasad Singh on Sunday highlighted the need to move towards …

Reprocessing scrap will boost India’s steel production: Union Minister Ram Chandra Prasad Singh

Speaking to PTI here, Singh said as part of the India-UAE Comprehensive Economic Partnership Agreement (CEPA) it will be easier for India to import scrap from the gulf kingdom, which will be recycled for precious industrial metals. Union Steel Minister Ram Chandra Prasad Singh on Saturday said production of steel in India will increase in …

Stainless Steel is metal for ‘Nation building’; govt needs a vision document for stainless steel growth

Stainless steel is increasingly being used across industries. For instance, it is already making its presence felt in architecture, building and construction activities, also known as the ABC sector. Similarly, 13% of the total steel production is used in automobiles, railways and transport. By Aruna Sharma Environment friendly, reusable, corrosion resistant, aesthetically appealing and resistant …

Odisha: Villagers protesting JSW project meet govt officials in major breakthrough

Jagatsinghpur District Collector Parul Patwari and Superintendent of Police Akhileshwar Singh were present in the meeting held at the Dhinkia panchayat office in the afternoon. Paradip: Senior Odisha government officials on Sunday held a meeting with residents of Dhinkia village who were protesting against land acquisition for JSW’s mega steel plant project, in a major …

Steel prices down from historical highs

But steel prices have declined from the historical highs of July 2021 despite the slight rise in global steel prices. Indian HRC trading prices rose Rs 1,400/t w-w to Rs 65,000-66,000/t (in Mumbai) in the week ending July 30, as consumers resumed buying in anticipation of price hikes in August 2021. Related News But steel …

Iron ore exports: India puts an end to decades-old pacts with Japan, Korea

The agreement will enable India to secure international market for its ores and ensure stable economic ecosystem which provides direct and indirect employment in mining, logistics and related sectors. The government is understood to have not renewed a long-term agreement (LTA) for supplying iron ore to Japanese steel mills and South Korean major Posco after …

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