Gold On A High
In the metals market, Gold has surged to a new all-time peak, Copper futures experienced substantial gain, and HRC Steel prices have declined 22.69% since the beginning of 2024.
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Steel consumption may slow to 7-8% in FY25 after 3 years of double-digit growth
Domestic steel consumption growth is expected to slow down to 7-8% in FY25 as against 12-13% estimated in FY24, says ICRA.
JSW, Tata, ArcelorMittal Nippon to ramp up scrap-based steel production
Tata Steel is setting up electric arc furnace-based recycling plants.
2024 Ahoy! Bumpy ride awaits Indian steelmakers
The discounted steel from China, weak global macro-outlook and higher domestic manufacturing costs are expected to hamper the dreams of Indian steel producers.
JSW Steel posts ₹2,773 cr profit in Q2, revenue up 7%
Steel production and consumption remain strong, aided by government capex as well as an overall healthy economy
JSW’s Man Of Steel
Sajjan Jindal has steered JSW Steel through domestic and global headwinds, increased capacity and acquired new businesses, to turn the company into the country’s largest steelmaker.
New Green Hues Of Tata Steel U.K.
Ailing Port Talbot unit’s transition to green steel set-up with 40% revival cost borne by Britain.
Tata Steel receives 500 mn pounds grant from U.K. for Port Talbot
The proposed project would involve Tata Steel’s balance sheet being restructured with potential elimination of the current cash losses in the UK operations
Tata Steel shares hit 52-week high on reports of £500-mn deal with U.K. govt
The Tata Group firm is in negotiations with the British government to raise capital to secure the future of Port Talbot steelworks in South Wales.
Will UK government part-fund Tata Steel UK’s green transition?
The UK subsidiary asked for a financial package of £1.5 billion, but the government offered £300 million and is in talks for increasing the aid.
