India, Japan sign deal to boost cooperation between steel industries
4 years ago

India, Japan sign deal to boost cooperation between steel industries

Hindustan Times  

India and Japan on Tuesday signed an agreement to enhance cooperation between their steel industries with the aim of ramping up domestic production and greater coordination in the global market, which is dominated by China. India and Japan were the second and third largest steel producing countries in 2019, with outputs of 111.2 million tons and 99.3 million tons respectively. India’s demand for steel is growing and the consumption of 88.68 million tons in 2017 was 1.7 times higher than that of 2007. The agreement signed on Tuesday by Pradip Kumar Tripathi, secretary in the steel ministry, and Shigehiro Tanaka, Japan’s vice-minister for international affairs, will also help improve the quality of steel produced in India.

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History of this topic

Biden will decide on US Steel acquisition after influential panel fails to reach consensus
1 day, 6 hours ago

Biden will decide on US Steel acquisition after influential panel fails to reach consensus

Associated Press  

WASHINGTON — A powerful government panel on Monday failed to reach consensus on the possible national security risks of a nearly $15 billion proposed deal for Nippon Steel of Japan to purchase U.S. Steel, leaving a decision to President Joe Biden, a longtime opponent of the deal. Biden, backed by the United Steelworkers, said earlier this year that it was …

Japan’s Nippon Steel sets sights on a growing overseas market in its bid to acquire US Steel
2 weeks, 4 days ago

Japan’s Nippon Steel sets sights on a growing overseas market in its bid to acquire US Steel

Associated Press  

KASHIMA, Japan — The signs at Nippon Steel read: “The world through steel,” underlining why Japan’s top steelmaker is pursuing its $15 billion bid to acquire U.S. Steel. Nippon Steel officials didn’t disclose details of the fine technology they said the planned acquisition would offer U.S. Steel. William W. Grimes, professor of international relations and political science at Boston University, …

India’s steel industry to grow at 8%; capacity to rise by 20 million tons by FY2027: report
1 month ago

India’s steel industry to grow at 8%; capacity to rise by 20 million tons by FY2027: report

Live Mint  

New Delhi, November 20 : The annual capacity of India's steel industry will increase by 20 million tons between the financial year 2025-27, says Acuite Ratings & Research in its recent report. The report gives a positive outlook for the Indian steel industry in the medium to long term.Driven by strong growth in the automotive, real estate, and infrastructure sectors, …

JSW Steel and Korean steel-maker eye $7.7 billion investment in Odisha steel plant: Report
1 month, 2 weeks ago

JSW Steel and Korean steel-maker eye $7.7 billion investment in Odisha steel plant: Report

Live Mint  

NEW DELHI - India's JSW Steel and South Korea's POSCO plan to invest 650 billion rupees in their proposed plant in India in the coming years, sources said, part of efforts to capitalise on rising steel demand in the world's fastest-growing major economy. Last week, JSW Steel and POSCO signed an agreement to set up an integrated steel plant with …

India lucrative for steelmakers because of higher infra spending, economic growth
6 months ago

India lucrative for steelmakers because of higher infra spending, economic growth

Hindustan Times  

Despite a slowdown in exports and increasing Chinese steel output impacting India's share in the markets, steel makers in the country are optimistic about the domestic demand. The case with steel exports Indian exports have been affected by a variety of reasons in the recent past including low production due to scheduled maintenance shutdowns, preference for the domestic market over …

JSW to invest ₹65,000 cr for new steel plant in Odisha
10 months, 1 week ago

JSW to invest ₹65,000 cr for new steel plant in Odisha

Live Mint  

JSW Steel Ltd, India’s largest steelmaker by capacity, will invest ₹65,000 crore to set up one of its biggest manufacturing plants, in Odisha, adding to the country’s efforts to boost production of the alloy. JSW Steel, part of the $23-billion JSW Group, is establishing a greenfield complex in the industrial city of Paradip that will include a steel plant with …

JSW Steel crude steel production rises 12 per cent YoY in Q3
11 months, 2 weeks ago

JSW Steel crude steel production rises 12 per cent YoY in Q3

India TV News  

JSW Steel recorded a 12 per cent year-on-year surge in its crude steel production for the third quarter of FY24. JSW Steel observed a 9 per cent year-on-year increase in crude steel production at its Indian operations, reaching 6.63 million tonnes. Meanwhile, its USA-Ohio operations exhibited significant growth, recording a 191 per cent surge in crude steel production year-on-year, totaling …

India's April-Nov steel imports from China at five-year high
11 months, 3 weeks ago

India's April-Nov steel imports from China at five-year high

Firstpost  

China was the top exporter of finished steel to India between April and November, shipping 1.3 million metric tons of the alloy, up 48.2% from the same period a year earlier. China emerged as the leading exporter of finished steel to India from April to November, sending 1.3 million metric tons of the alloy, marking a 48.2% increase compared to …

How India, not China, is leading the revival in global steel
11 months, 4 weeks ago

How India, not China, is leading the revival in global steel

Live Mint  

After a slump in 2022, the global steel industry is set to close 2023 with marginal growth. After making a smart recovery from the pandemic in 2021 when production grew 3.6% at 1,912 million tonnes, the global steel industry slumped by 4.3% at 1,831.5 mt last year. The reasons for the decline last year were a fragile world economy grappling …

Centre monitoring steel import situation as China shipments touch 5-yr high
1 year, 3 months ago

Centre monitoring steel import situation as China shipments touch 5-yr high

Business Standard  

India is monitoring steel imports after shipments from China touched a five-year high in the first four months of the fiscal year that began in April, the country's steel secretary told Reuters on Monday. During April-July, China was the second-biggest steel exporter to India, after South Korea, selling 0.6 million metric tons, up 62% from the same period a year …

Top 5 steel companies in India by growth
1 year, 4 months ago

Top 5 steel companies in India by growth

Live Mint  

Steel is one commodity that has held a top position among metals for a long time. In the last five years, the contribution of finished steel products to the revenue mix has gone up significantly. View Full Image EM Going forward, the company's expansion plans, and the government's infrastructure push are expected to drive revenue and profit growth. View Full …

India to contest EU carbon levy, says steel secretary
1 year, 6 months ago

India to contest EU carbon levy, says steel secretary

Live Mint  

India plans to challenge certain provisions of the European Union’s Carbon Border Adjustment Mechanism as the government is concerned about its impact on steel exports from India, steel secretary Nagendra Nath Sinha said. With the rapid growth of steel imports from Japan, Korea, China and Russia, will the government look at restoring import duty on steel products to levels that …

JSW Group In Talks To Acquire 15-20 Per Cent Stake In MG Motor: Report
1 year, 7 months ago

JSW Group In Talks To Acquire 15-20 Per Cent Stake In MG Motor: Report

ABP News  

JSW Group could buy stake in MG Motor India, owned by China’s largest car company, Shanghai Automotive, according to a report by Businessline. The report stated that the two firms are in talks which could lead to JSW Group acquiring 15 to 20 per cent stake in MG Motor for anywhere between Rs 2,000 crore and Rs 3,000 crore. JSW …

Nippon Steel to set up world's biggest steel project in Odisha
1 year, 8 months ago

Nippon Steel to set up world's biggest steel project in Odisha

Deccan Chronicle  

BHUBANESWAR: Japan’s steel behemoth Nippon Steel Corporation has announced its plan to set up the world’s largest steel plant facility in Odisha with an investment of Rs 1.02 lakh crore. “We have planned to set up the world's largest steel plant project in Odisha,” declared Mr Hashimoto. AM/NS has already entered into a Memorandum of Understanding with the Odisha government …

Removal of Export Duty Will Lead to New Era of Growth for Steel Industry: Scindia
2 years, 1 month ago

Removal of Export Duty Will Lead to New Era of Growth for Steel Industry: Scindia

News 18  

Removal of export duty on steel products will lead to a new era of growth for the domestic steel industry which has gained footprint internationally, Union minister Jyotiraditya Scindia said on Monday. It has taken years for the domestic steel industry to gain footprint in the international markets, the steel minister said at the 3rd Indian Steel Association conference in …

India's crude steel output rise by 2.5% at 30 MT in Jul-Sep: Report
2 years, 2 months ago

India's crude steel output rise by 2.5% at 30 MT in Jul-Sep: Report

Business Standard  

India's crude steel output rose by 2.56 per cent to 30.06 million tonne during the July-September period of the ongoing financial year. As per research firm SteelMint, the top six steel makers -- SAIL, Tata Steel, JSW Steel, JSPL, AMNS India and RINL -- produced 18.29 MT steel, the rest 11.77 MT came in from the secondary sector. During the …

How to decarbonize the steel industry
2 years, 3 months ago

How to decarbonize the steel industry

Live Mint  

I am proud of steel’s contribution to the expansion of India’s economy. India is the world’s second largest producer of steel, with its annual output of 106 million tonnes now exceeding the pre-pandemic high of 100 million tonnes. The National Steel Policy says capacity of 300 million tonnes per annum will be required by 2030 to satisfy the demands of …

India to become world's number one producer of steel: Jyotiraditya Scindia
2 years, 4 months ago

India to become world's number one producer of steel: Jyotiraditya Scindia

Firstpost  

India is the world’s second largest producer of crude steel after China New Delhi: Union Minister Jyotiraditya M Scindia on Tuesday exuded confidence that India will become the number one producer of steel in the world in the days to come. India is the world’s second largest producer of crude steel after China. He said India’s per capita consumption of …

Indian steelmakers face hit on Europe deals over export tax: JSPL
2 years, 7 months ago

Indian steelmakers face hit on Europe deals over export tax: JSPL

Live Mint  

Indian steel firms could be forced to cancel European orders and suffer losses after an overnight decision to impose export taxes on steel products, V R Sharma, managing director at Jindal Steel and Power told Reuters. India imposed an export tax of 15% on eight steel products late on Saturday, at a time steelmakers are looking to make up for …

Japanese PM to visit India to build Indo-Pacific partnership
2 years, 9 months ago

Japanese PM to visit India to build Indo-Pacific partnership

Associated Press  

NEW DELHI — Japan’s Prime Minister Fumio Kishida will meet with his Indian counterpart, Narendra Modi, to strengthen their partnership in the Indo-Pacific and beyond in view of China’s growing footprint in the region, an Indian official said Thursday. The meeting on Saturday will provide an opportunity to exchange views on regional and global issues of mutual interest, said Arindam …

ArcelorMittal Nippon Steel to invest ₹1.02 lakh cr. in Odisha
3 years ago

ArcelorMittal Nippon Steel to invest ₹1.02 lakh cr. in Odisha

The Hindu  

The Odisha government on Friday approved ArcelorMittal Nippon Steel’s proposal to set up a 24 million tonne per annum integrated steel plant in Mahakalpara block of Kendrapara district at an estimated investment of ₹1.02 lakh crore. Touted to be the largest project in the country’s manufacturing sector, the proposed facility of AM/NS, would produce various grades of steel with its …

Arcelor Mittal Nippon Steel (AM/NS) to invest ₹1 trillion to set up a 24 MTPA integrated Steel Plant in Odisha
3 years ago

Arcelor Mittal Nippon Steel (AM/NS) to invest ₹1 trillion to set up a 24 MTPA integrated Steel Plant in Odisha

Live Mint  

The world’s second largest steelmaker Arcelor Mittal Nippon Steel will invest ₹1 trillion to set up a 24 million tonne per annum integrated greenfield steel facility in Kendrapara, Odisha. The high-level clearance authority, headed by chief minister Naveen Patnaik, has approved the plan submitted by Arcelor Mittal Nippon Steel to set up the plant, which will offer 16,000 jobs, besides …

Defying Trade Tensions, Chinese Buyers Snap Up Indian Steel as Exports Double between April & July
4 years, 3 months ago

Defying Trade Tensions, Chinese Buyers Snap Up Indian Steel as Exports Double between April & July

News 18  

India’s steel exports more than doubled between April and July to hit their highest level in at least six years, boosted by a surge of Chinese buying in defiance of tensions between Beijing and New Delhi. Leading Indian steel companies Tata Steel Ltd and JSW Steel Ltd were among Indian companies that sold a total of 4.64 million tonnes of …

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