Algoma Steel to Cut 1,000 Jobs Due to US Tariffs
Canadian steel giant Algoma Steel will slash 1,000 jobs and shut its blast furnace in Ontario, blaming US tariffs for heavy losses. The layoffs start March 23, 2025. Read more.
Category : Search result: steel manufacturers relief
Govt Makes Sanchar Saathi App Mandatory on New Phones
India's telecom ministry orders smartphone makers to pre-install the Sanchar Saathi cybersecurity app on all new devices. The move aims to combat phone theft and fraud but may clash with Apple's policies. Read the full story.
Rs 4,000 Crore Plan to Revive Bhadravati Steel Plant
Union Minister H D Kumaraswamy announces detailed project report worth Rs 4,000 crore to revive Sir M Visvesvaraya Iron and Steel Plant in Bhadravathi. Read about the revival plan.
₹4,000 Crore Revival Plan for Shivamogga Steel Plant
Union Minister HD Kumaraswamy announces massive ₹4,000 crore revival of Visvesvaraya Iron and Steel Plant. Detailed project report for 40-year operation plan underway. Read more about this industrial revival.
VSP's Future Depends on Meeting Production Targets
Steel ministry officials reveal Visakhapatnam Steel Plant must achieve 19,000 tonnes daily output for survival. Centre's financial aid unlikely, making production crucial. Read the full analysis.
India's Bulk Drug Makers Ramp Up CDMO Investments
Indian API manufacturers are shifting to high-value contract development, targeting $22-25 billion market by 2035 as global pharma diversifies from China. Read about the growth trajectory.
India Needs Targeted Finance for Green Steel: Report
New analysis reveals 92% of India's planned steel capacity expansion remains unbuilt. Strategic public finance now could determine industry emissions for decades.
India May Impose Steel Import Tariffs to Support Local Mills
India considers import tariffs on certain steel products to protect domestic industry from cheap imports. Government evaluates measures to support local manufacturers.
India May Impose Steel Import Tariffs Against China
India plans 11-12% steel import tariffs for 3 years to protect domestic producers from Chinese dumping. Get latest trade policy updates.
Why US and Europe Remain Divided on Critical Trade Deal
The US and EU struggle to finalize a trade agreement on steel and aluminum. Key hurdles include tariffs, green subsidies, and December deadlines. Explore the implications for global trade.
Gallard Steel IPO Allotment Status Out Today
Gallard Steel IPO allotment finalized today. Investors can check status via registrar portal. Shares credited to demat accounts on Tuesday, listing scheduled for Wednesday.
MPK Steel: Shaping India's Infrastructure Future
Discover how MPK Steel is building India's future with high-quality steel products for bridges, highways and urban development. Learn about their growth story and vision.
High-Level Panel for Rourkela Steel Plant Land Issues
Odisha government forms committee to resolve land encroachment issues for Rourkela Steel Plant's ₹30,000 crore expansion. Plan aims to double production capacity to 9.8 MTPA by 2030.
India must build strong design capabilities: Minister
Union Minister Ashwini Vaishnaw emphasizes that deep design capabilities are crucial for Indian manufacturers to access global markets. Learn why in-house design teams matter.
Samsung Memory Chip Prices Soar 60% in AI Boom
Samsung increases memory chip prices up to 60% amid AI-driven shortage. Server makers face cost pressure, smartphone & computer prices likely to rise. Details inside.
Ancient Indian Steel Meets Digital Innovation Challenge
India's legendary Ukku steel shaped global trade 2000 years ago. Now, the nation faces the challenge of recreating that legacy with digital age materials. Expert analysis on bridging ancient mastery with modern innovation.
Bokaro Steel Plant's 15.4 Crore Tonne Milestone
Bokaro Steel Plant achieves a historic 15.4 crore tonnes of crude steel, reinforcing India's industrial strength. Discover its journey and future plans for an Aatmanirbhar Bharat.
Indian Battery Manufacturers Association Elects New Leaders
Indian Battery Manufacturers Association appoints Avik Roy as President and Harshavardhana Gourineni as Vice President to boost domestic battery industry growth and innovation.
India Eases Import Rules for 55 Steel Products
India plans to suspend quality control rules for 55 specialty steel imports for 1-3 years to address supply gaps. Move benefits Chinese, Vietnamese exporters while protecting domestic industry.
Tata Steel Q2 Profits Surge, UK Operations Struggle
Tata Steel's Q2 profit triples to ₹3,101 crore driven by India growth and cost cuts. However, UK operations remain a drag amid cheap imports, and the 40 MTPA capacity target by 2030 may be delayed.
Tata Steel Q2 Profit Jumps 272%, Shares Gain 3%
Tata Steel reports stellar Q2 FY26 results with 272% profit surge to ₹3,102 crore. Revenue grows 9% to ₹58,689 crore. Should you invest in this steel giant? Analysis inside.
Tata Steel Q2 Profit Jumps 4x, Beats Forecasts
Tata Steel's Q2 net profit surged to ₹3,102 crore, driven by strong India deliveries and lower costs. The steel giant plans expansion and decarbonization. Read more for key insights.
JSW Sells 50% of Bhushan Power to JFE for ₹15,000 Cr
JSW Steel is finalizing a deal to sell a 50% stake in Bhushan Power & Steel to Japan's JFE Steel for ₹15,000-16,000 crore. This strategic move aims to reduce debt and fund expansion plans. Read more.
College Teachers Donate Rs 7 Lakh to CM Relief Fund
Himachal Pradesh College Teachers Association contributes Rs 7 lakh to CM Relief Fund, supporting disaster relief efforts across the state. Read about their generous donation.
SAIL Chairman Charged in Bokaro Steel Plant Accident
SAIL chairman Amarendu Prakash faces legal complaint over fatal accident at Bokaro Steel Plant that killed contract worker Shivjogi Sharma during maintenance work.
Plastic Industry Calls for Balanced Quality Control
Indian plastic industry urges government to balance quality control orders with practical implementation challenges. Learn how this affects manufacturers and consumers.
E-Bus Tender Model Worries Indian Manufacturers
India's ambitious PM E-Drive scheme faces hurdles as manufacturers express concerns over the capital-intensive GCC tender model for 10,900 electric buses across major cities.
Tata Steel Q2: Europe Revival, India Expansion Tests
Tata Steel's Q2 results test Europe revival plans & India's 40 mtpa expansion amid funding, demand pressures. Key profitability metrics to watch.
EAF Steel Shift Boosts Graphite Electrode Stocks
Discover why the global shift toward Electric Arc Furnace steel production is creating massive opportunities for graphite electrode manufacturers and investors in 2024.
Coffee for Headaches: Natural Pain Relief Solution
Discover the surprising connection between caffeine and headache relief. Science reveals how your daily brew could be a natural pain management solution.
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