Steel

India’s Steel Production and Export in FY 22

Faggan Singh Kulaste, Minister of State for Steel and Rural Development has announced that India exported 13.5 million tonnes (mt) of finished steel amounts to Rs 1 trillion, and has imported steel of about Rs 46000 crores. Overview: This impressive ..

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Index of Eight Core Industries

In January 2022, compared to the same time period last year, the growth rate of eight core industries stood at 3.7 percent. The Ministry of Commerce announced this. Overview: The core industries growth rate was 11.6 percent for the nine-month ..

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Atal Tunnel: 9,000 tonnes of steel supplied by SAIL

On October 3, 2020, PM Modi is to inaugurate the Atal Tunnel, the world longest high-altitude tunnel. It is the world’s longest tunnel to be located above the altitude of 10,000 feet (3,000 feet). About the Tunnel The tunnel is ..

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GoI: Anti-Dumping Duty imposed on steel from China, South Korea and Vietnam

The Government of India recently imposed anti-dumping duty on the steel imported from China, South Korea and Vietnam. Highlights The duty has been imposed on steel products that are imported from these countries below its associated normal value. This is ..

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India Russia to sign MoU on Coking Coal

On May 7, 2020, Indian Petroleum Minister Shri Dharmendra Pradhan and Russian Energy Minister alexander Novak held a meeting through video conference. The ministers reviewed ongoing projects. Highlights The ministers emphasized on the cooperation in coking sector. They also held ..

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Corona Virus: NMDC reduced iron ore prices by 1.5%

On March 16, 2020, the National Mineral Development Corporation announced that the prices of iron ore is to be reduced by 1.5%. The Corporation is taking such measures predicting decline in iron ore demands due to the threats of Corona ..

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India to partner with Japan to implement ‘Purvodaya’ scheme

Purvodaya is a scheme to develop the steel sector in eastern India by creating an integrated steel hub in the eastern region. Recently Union Minister of Steel Dharmendra Pradhan attended the workshop on “Enabling Procedures for Increase of Steel Usage for ..

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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