Steel Industry

India’s First Green Steel

India-based Kalyani Group has launched India’s first “green” steel brand called Kalyani Ferresta. What is green steel? When steel is manufactured without using fossil fuels, it is known as green steel. It is manufactured using low-carbon energy sources like hydrogen, ..

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Mission Purvodaya: India-Japan join hands to make Odisha a Steel Hub

On February 28, 2020, the Union Minister of Steel announced at a workshop organized by Confederation of Indian Industries (CII) that GoI is to make Odisha the steel hub of India. This is to be achieved by the Government with ..

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TERI: India’s Steel Demand to increase carbon emissions by 600 MT

On January 31, 2020, at the World Sustainable Development Summit released its report on India’s Steel Demand. According to the report, if the steel demand of the country continues to grow, the carbon-dioxide emissions from the steel sector will reach ..

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Cabinet approves Indo-Japan pact in Steel Sector

Union Cabinet chaired by Prime Minister Narendra Modi has given its approval for signing Memorandum of Cooperation (MoC) between Government of India and Government of Japan to constitute ‘India-Japan Steel Dialogue’ to strengthen cooperation in steel sector. MoC will help ..

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Sajjan Jindal appointed Vice Chairman World Steel

Sajjan Jindal, Chairman and Managing Director, JSW Steel has been appointed as the Vice-Chairman of World Steel Association (Worldsteel). He is appointed for a period of one year. The association also elected YU Yong, Chairman, HBIS Group Co, as Chairman. ..

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Current Data on India’s steel import and export

According to Joint Plant Committee’s annual report on steel sector for the time period 2016-17, India’s import of total finished steel declined 36 % to 7.4 million tonnes (MT). At the same time, steel exports increased 102% to reach 8.2 ..

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Union Government imposes safeguard duty on certain steel imports

The Union Government has imposed safeguard duty on import of certain steel products to protect domestic manufacturers from cheap in-bound shipments. It was imposed by the Revenue Department on steel products like hot rolled flat sheets and plates of alloy ..

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SAIL wins 2016 Golden Peacock Award for corporate governance

The Steel Authority of India Limited (SAIL) has won the prestigious 2016 Golden Peacock Award for Corporate Governance. The award was received by Ashwini Kumar, CEO of Rourkela Steel Plant (RSP) on behalf of SAIL during the 16th London Global ..

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