Steel Current Affairs, GK & News

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 performance of the country’s steel sector has contributed to the all-time record of USD 420 ..

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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 period between April and January. The eight-core sectors natural gas, coal, petroleum refinery products, crude ..

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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 9.02 km long. The tunnel reduces the distance between Manali and Leh by 46 km. ..

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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 causing the dumping and leads to unfair trade in India. The issue was found by ..

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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 talks about signing a Memorandum of Understanding on Coking coal. The Russian minister briefed about ..

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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 virus. Highlights The steel prices in India reduced in 2019 due to economic slowdown. The ..

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