Govt working towards Atmannirbharta in mining & steel to make India a global manufacturing hub: Steel Minister Talking about reforms in the mining sector, Pradhan said the shift away from nomination system has helped in equal distribution of revenue to respective states New Delhi: The mining, coal, and petroleum sectors have received a lot of [...]
NEW DELHI: The Indian steel market, which was hit by the Covid-19 pandemic and subsequent lockdowns, has started showing signs of recovery, RINL (Rashtriya Ispat Nigam Limited) chairman PK Rath has said. The pandemic had severely disrupted the steel sector in the first quarter of the ongoing fiscal, particularly in April. However,there is a recovery [...]
According to statistics, in September 2020, India's export volume of bulk hot-rolled products fell by more than 30% month on month. The main reason was the rising proportion of the domestic market and the tight supply caused by the epidemic. In addition, due to the recovery of domestic demand, India's auto industry sales in September [...]
Domestic steel sector has been brought on track with multiple initiatives taken by the NDA government in its four years of rule, Union Steel Minister Chaudhary Birender Singh said. The government's focus on the sector also catapulted the country to the second spot in global steel output, the minister outlined. Talking about achievements of his [...]
A shift in the government's policy governing steel quality control has forced a number of small and medium sized auto components manufacturing units in the country to shut shop in the last two years, according to an industry body. The Steel Users Federation of India (SUFI) said there is a need to rethink the entire [...]