Download the app
App StorePlay Store
Beige
Login
← All tags

steel

India plans new steel policy targeting green specialty and less imports by 2035 and 2047

India plans new steel policy targeting green specialty and less imports by 2035 and 2047

India is working on a new steel policy that aims to reshape the sector by 2035 and 2047. The plan sets ambitious production goals for green, specialty and stainless steel, pushing the industry toward higher quality while reducing reliance on imports. The policy is positioned as a shift from volume growth to value, sustainability and stronger domestic supply chains.

Summarised by Beize from a story on The Economic Times on 13 May 2026
Magnus Steel approved for Tata Motors plants in Gujarat and Maharashtra with Rs 32 50 crore order

Magnus Steel approved for Tata Motors plants in Gujarat and Maharashtra with Rs 32 50 crore order

Magnus Steel and Infra has been listed among approved steel suppliers for Tata Motors’ upcoming manufacturing facilities in Gujarat and Maharashtra. The company has started supplying materials via RIECO Industries Ltd, signaling early traction ahead of larger follow-on orders. Total engagement is estimated at about Rs 32.50 crore, with additional supply orders expected as projects ramp up.

Summarised by Beize from a story on The Economic Times on 12 May 2026

Your news, in seconds

App StorePlay Store
Thyssenkrupp slashes 2026 sales forecast as steel and auto demand weakens across Europe

Thyssenkrupp slashes 2026 sales forecast as steel and auto demand weakens across Europe

German conglomerate Thyssenkrupp has cut its 2026 sales forecast, warning that weakening demand in both steel and automotive will likely drag revenue down by as much as 3%. The company points to broader economic slowdowns across Europe and is in the middle of restructuring its operations, signaling tougher times for industrial demand going forward.

Summarised by Beize from a story on The Economic Times on 12 May 2026
India steel sector surges in April as production rises and demand strengthens

India steel sector surges in April as production rises and demand strengthens

India’s steel sector posted strong April growth in 2026, with crude output up 5.8% and steel consumption rising 8.1%. The uptick points to firm domestic demand across infrastructure and manufacturing, alongside fresh capacity expansion plans. Green steel efforts are advancing too, with certifications reaching many producers, while domestic prices show signs of recovery.

Summarised by Beize from a story on The Economic Times on 6 May 2026
NMDC raises iron ore prices by Rs 200 per tonne sparking fresh pressure on steel makers

NMDC raises iron ore prices by Rs 200 per tonne sparking fresh pressure on steel makers

State-owned NMDC has increased its iron ore lump and fines prices by Rs 200 per tonne, effective immediately. Baila lump is now at Rs 5,500 per tonne and fines at Rs 4,700, excluding taxes and fees. The move is likely to raise input costs for steel manufacturers and could ripple through downstream pricing.

Summarised by Beize from a story on The Economic Times on 6 May 2026
Mahindra Q4 beats expectations but aluminium and steel spike threatens next quarter margins

Mahindra Q4 beats expectations but aluminium and steel spike threatens next quarter margins

Mahindra & Mahindra’s Q4 FY26 results largely met top-line expectations, boosted by strong volume growth. Yet rising aluminium and steel costs are expected to pressure margins, with the full effect likely landing in Q1 FY27. Investors will also track how the company manages raw material inflation, alongside its EV roadmap and farm equipment demand amid El Niño conditions.

Summarised by Beize from a story on The Economic Times on 6 May 2026

Never miss a story

App StorePlay Store
India to challenge US overcapacity probe on May 8 across steel petrochemicals and solar modules

India to challenge US overcapacity probe on May 8 across steel petrochemicals and solar modules

India will testify before the US Trade Representative on May 8, pushing back against US allegations of excess manufacturing capacity. Trade officials and industry representatives will address claims tied to petrochemicals, steel, and solar modules. India argues that trade surpluses are driven by broader macroeconomic factors, not unfair overcapacity. The hearing forms part of a wider US review of trade practices.

Summarised by Beize from a story on The Economic Times on 6 May 2026
Jindal Stainless expects 7 to 9% volume growth even as West Asia demand jitters

Jindal Stainless expects 7 to 9% volume growth even as West Asia demand jitters

Jindal Stainless expects 7–9% volume growth this fiscal, even as it braces for the West Asia crisis to affect demand. The company said it may revise the target mid-year and is looking at 2.75–2.80 million tonnes of production. Exports are projected to make up about 10% of sales, led by Brazil, South Korea, Japan and the Middle East.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Mangalam Worldwide Q4 profit jumps 81 percent to Rs 15 crore on trimmed costs

Mangalam Worldwide Q4 profit jumps 81 percent to Rs 15 crore on trimmed costs

Mangalam Worldwide, a stainless-steel manufacturer, said its consolidated net profit rose 81% to Rs 15.37 crore in Q4 ending March 31, largely due to sharply lower expenses. Quarterly income dipped to Rs 266.50 crore, but annual income grew 14%, pointing to improving performance despite short-term revenue softness.

Summarised by Beize from a story on The Economic Times on 1 May 2026
AM NS India Unveils Japan-Backed Steel Mill in Hazira to Cut Automotive AHSS Imports

AM NS India Unveils Japan-Backed Steel Mill in Hazira to Cut Automotive AHSS Imports

ArcelorMittal Nippon Steel India inaugurated an advanced Pickling Line and Tandem Cold Mill (PLTCM) at its Hazira plant, with a 2 million tonnes per annum capacity. The upgrade aims to make India self-reliant in Advanced High Strength Steel (AHSS) and related automotive steel grades, supporting import substitution and safer, lighter vehicles as India’s auto demand rises.

Summarised by Beize from a story on IndianWeb2 on 30 Apr 2026

Reading on mobile?

App StorePlay Store
India becomes net exporter of finished steel in 2025 26 as imports plunge sharply

India becomes net exporter of finished steel in 2025 26 as imports plunge sharply

India has turned into a net exporter of finished steel for the first time in the fiscal year ending March 31. The country shipped 6.6 million metric tons, up 35.9% year on year, while imports dropped 31.7%. Crude steel production also rose strongly, signaling momentum in domestic output and supply.

Summarised by Beize from a story on The Economic Times on 28 Apr 2026
Iran halts steel slab and sheet exports until May 30 after war linked strikes

Iran halts steel slab and sheet exports until May 30 after war linked strikes

Iran has suspended exports of steel slabs and sheets until May 30, blaming war-linked strikes that damaged key steel facilities. The delay threatens export earnings and risks ripple effects across construction and automotive demand. While imports may help stabilize supply, getting full production back online could take up to a year, with possible job losses and inflation pressures.

Summarised by Beize from a story on The Economic Times on 27 Apr 2026
Tata and JSW bet on green hydrogen to decarbonise steel but funding hurdles loom

Tata and JSW bet on green hydrogen to decarbonise steel but funding hurdles loom

With India’s steel sector responsible for around 35% of industrial CO2 emissions, Tata Steel and JSW Energy are pursuing green hydrogen to produce low-carbon steel. The move could reshape one of the hardest industries to abate, but it comes with massive infrastructure and financing requirements. The question: can their roadmap scale across the sector?

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Interest subvention expanded for small iron and steel exporters boosting credit access

Interest subvention expanded for small iron and steel exporters boosting credit access

The government has extended interest subvention benefits to micro and small iron and steel enterprises exporting 167 specified product categories. The move is designed to improve their access to credit amid global pressures and builds on an earlier export support package. Medium-sized units, however, will not qualify for this particular subsidy.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

Follow your favourite sources

App StorePlay Store
India’s steel push hits a hidden wall as scrap shortages tighten costs

India’s steel push hits a hidden wall as scrap shortages tighten costs

India’s steelmakers are scaling up and shifting toward greener production, but a quieter bottleneck is emerging. Steel scrap—the key input for many mills—is getting harder to source and increasingly expensive. As demand rises with capacity targets, securing reliable scrap supply could slow projects, squeeze margins, and complicate the transition to low-carbon steel.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Government revises low grade iron ore pricing to cut wastage and stabilize steel supply

Government revises low grade iron ore pricing to cut wastage and stabilize steel supply

The government has amended pricing norms for low-grade iron ore types like Banded Haematite Quartzite and Jasper to push greater use. By adjusting prices, it hopes to curb wastage and improve resource utilization while making beneficiation financially viable, helping secure a steadier supply of iron ore for the steel industry.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
CCI probe derails steel relief as collusion allegations hit Tata Steel and rivals

CCI probe derails steel relief as collusion allegations hit Tata Steel and rivals

The government’s December 30 safeguard duty on cheap steel imports offered a quick boost to domestic players like Tata Steel, JSW Steel and SAIL. But the momentum faded as a CCI probe alleged that major steelmakers may have colluded on pricing, raising the possibility that competition rules were breached. The industry now faces a “one step forward, two steps back” scenario.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
India’s steel exporters face CBAM costs as 2026 taxation begins fast

India’s steel exporters face CBAM costs as 2026 taxation begins fast

As CBAM shifts from reporting to taxation in 2026, Indian steel exporters are staring down higher costs and tighter compliance. They must either cut emissions quickly, move into higher value products, or risk losing their most lucrative market. The transition pressure is mounting even as firms try to modernize production and reduce carbon intensity.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

Stay informed on the go

App StorePlay Store
India’s steel ambitions hinge on manganese and MOIL — can the miner close the looming supply gap

India’s steel ambitions hinge on manganese and MOIL — can the miner close the looming supply gap

As India scales up steel capacity, manganese—key to steel strength—is becoming harder to source reliably. Domestic ore supply is falling short, leaving imports vulnerable to price swings. The spotlight is on MOIL, India’s largest manganese producer, and whether it can expand output or secure supply fast enough to keep steel growth on track.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Steel prices look set to stay high through 2026 as demand stays weak globally

Steel prices look set to stay high through 2026 as demand stays weak globally

Global steel demand is forecast to grow only 0.3% in 2026, dragged down by China, even as India is expected to stand out in the demand rebound in 2027. Steel prices are still climbing due to higher raw-material costs, tighter supply, and geopolitical risks. Aluminium is gaining, while copper, zinc and nickel edge lower amid volatility.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Page 1

The full experience is on mobile.

Swipe through stories, personalise your feed, and save articles for later — all on the app.

Download on the App StoreGet it on Google Play