India’s steel industry is struggling to scale “green” production because scrap supply is insufficient. Former Steel Secretary Jindal says only about 25% of steel demand can be met through scrap based manufacturing, while declining iron ore quality adds pressure. The government is pushing pilot projects and missions for green steel, supported by an upcoming carbon credit trading system as output rises.
Larsen & Toubro’s Minerals & Metals division has won its biggest domestic metals order from JSW Steel, valued between Rs 10,000 crore and Rs 15,000 crore. The deal covers engineering, procurement and installation of key process facilities to help JSW expand capacity to over 50 MTPA by 2031, largely across Karnataka and Odisha sites.
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Thyssenkrupp AG and Jindal Steel International have paused discussions on selling a stake in Thyssenkrupp’s steel unit. The companies said the deal assumptions have changed, pointing to restructuring momentum at the steel business and a more favourable regulatory environment in Europe. That creates better growth prospects even as energy costs remain high.
Tata Steel is rolling out an India-led expansion aimed at capturing a multi-year steel upcycle. The centerpiece is expanding Neelachal Ispat Nigam Limited in Odisha, a move that could elevate Tata’s position in long-steel products. The strategy seeks to build growth momentum despite overseas headwinds, with Odisha becoming the operational engine of this push.
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