steel industry

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    Mesabi Metallics Secures $150M Financing for Minnesota Mine

    Nashwauk, MN (United States), April 6 Mesabi Metallics Company LLC (Mesabi Metallics), backed by Essar Group, announced on Monday that it has secured $150 million in financing from Macquarie Group, supporting the planned startup of its world-scale Direct Reduction (DR) grade iron ore mine and...
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    Japan's JFE and JSW Steel Expand Joint Venture

    JFE Steel Invests ₹7,875 Crore in JSW Kalinga Steel New Delhi, March 30 – JFE Steel Corporation, a leading Japanese steel manufacturer, has invested ₹7,875 crore in JSW Kalinga Steel Ltd, a subsidiary of JSW Steel, led by Sajjan Jindal. This investment represents the first tranche of JFE’s...
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    Panel Review Highlights SAIL's Competitiveness Challenges

    Parliamentary Panel Urges SAIL to Boost Sales, Expand Product Portfolio and Cut Costs New Delhi, March 27 – A Parliamentary Standing Committee has asked Steel Authority of India Limited (SAIL) to strengthen its sales strategy, improve revenue realisation, and enhance market competitiveness...
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    AM/NS India Announces Leadership Transition: Oommen Steps Down, Harlalka Takes Over

    New Delhi, March 26 ArcelorMittal Nippon Steel (AM/NS) India announced on Thursday that CEO Dilip Oommen will retire on June 30 after 22 years with the company, including seven years as CEO.Oommen, 68, will remain involved as a board member of AM/NS India and take on the role of Vice-Chairman...
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    AM/NS India Announces Leadership Transition: Oommen Steps Down, Harlalka Takes Over

    New Delhi, March 26 ArcelorMittal Nippon Steel (AM/NS) India announced on Thursday that CEO Dilip Oommen will retire on June 30 after 22 years with the company, including seven years as CEO.Oommen, 68, will remain involved as a board member of AM/NS India and take on the role of Vice-Chairman...
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    AM/NS India Project Boosts Steelmaking Capabilities

    Amaravati, March 23 Prime Minister Narendra Modi on Monday described the Rs 1.35 lakh crore ArcelorMittal Nippon Steel India (AM/NS India) project as a world-class integrated steel plant that will further strengthen India's steelmaking capabilities.Andhra Pradesh Chief Minister N Chandrababu...
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    New Steel Plant to Create 100,000 Jobs in Andhra Pradesh

    Andhra Pradesh CM Lays Foundation for Rs 1.36 Lakh-Crore ArcelorMittal Nippon Steel India Plant Rajayyapeta (Andhra Pradesh), March 23 – Andhra Pradesh Chief Minister N Chandrababu Naidu laid the foundation stone for the Rs 1.36 lakh-crore ArcelorMittal Nippon Steel India (AM/NS India) steel...
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    India's Largest Miner NMDC Surpasses 50 Million Tonnes of Iron Ore Production

    NMDC Becomes First Indian Mining Company to Produce 50 Million Tonnes of Iron Ore in a Single Financial Year Historic Production Milestone Achieved in FY 2025-26 New Delhi, March 14: State-owned mining major NMDC has become the first mining company in India to produce 50 million tonnes (MT) of...
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    Steel Industry Faces Cost Inflation Amid Global Conflict

    Middle East Crisis Pushes Up Fuel and Freight Costs, Raising Pressure on Global Steel Industry Rising Energy Prices and Geopolitical Tensions Impact Steel Markets New Delhi, March 8: The global steel industry, including India, may face mounting market challenges as escalating tensions in the...
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    Jatinder Mehra, Vice Chairman of Essar Group’s Metals & Mining Division, Passes Away at 86

    Jatinder Mehra, Vice Chairman of Essar Group’s Metals & Mining Division, Passes Away at 86 New Delhi, February 25: Jatinder Mehra, a towering figure in India’s steel and metals industry with a career spanning more than six decades, passed away on February 24 at the age of 86.Mehra was serving...
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    Steel Authority of India: Analysts See Sharp Earnings Potential

    Steel Authority of India Shares in Focus as Emkay Global Reaffirms Buy, Raises Target to ₹200 Shares of Steel Authority of India Ltd are expected to remain in focus on Wednesday, February 25, after brokerage firm Emkay Global reiterated its Buy rating and raised the stock’s price target by 14...
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