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Business News

China Halts New Steel Capacity Amid Industry Crisis

China has halted new steel capacity expansions as the industry faces severe...

23 Aug 2024 02:11 PM IST Business

CRISIL Sees Slower Growth for Steel MSMEs This Year

Steel MSMEs may experience a deceleration in growth for the current financi...

23 Aug 2024 11:52 AM IST Business

India's Steel Sector to Invest $2.7 Billion in Technology by 2030

India's steel sector is projected to significantly ramp up its technologica...

22 Aug 2024 05:06 PM IST Business

India's Steel Imports Surge Due to Increased Chinese Shipments

From April to July, India continued to be a net importer of steel, primaril...

22 Aug 2024 03:40 PM IST Business

China Slashes Coal Plant Approvals, Signaling Shift to Clean Energy

China is signaling a major shift in its energy policy as it drastically red...

22 Aug 2024 12:38 PM IST Business

Tata Steel Eyes Nuclear Future with Plan for 200 Small Modular Reactors

Tata Steel is exploring utilising nuclear energy to advance its green steel...

22 Aug 2024 11:25 AM IST Business

UK Government Invests in Tata Steel's Decarbonization Efforts

The UK government has announced a significant allocation of funds to suppor...

21 Aug 2024 03:16 PM IST Business

Global Steel Industry Faces Crisis Amid Overproduction and Sluggish Demand

The world’s largest steel industry is currently grappling with signif...

21 Aug 2024 12:43 PM IST Business

Thai Steel Industry Faces Increased Pressure from Foreign Competitors

The Thai steel industry is increasingly concerned about heightened competit...

14 Aug 2024 01:31 PM IST Business

Steel Prices Plummet Amid Market Saturation

Due to the sudden and recent boom, the global steel market is currently in...

12 Aug 2024 10:59 AM IST Business

Germany’s Low-Emission Steel Standard May Challenge Indian Industry

Germany's proposed low-emission steel standard could create significant cha...

09 Aug 2024 02:06 PM IST Business

Vedanta Halts $2.5 Billion Steel Sale Amid Market Uncertainty

Vedanta Resources has decided to pause the sale of its $2.5 billion steel b...

09 Aug 2024 12:27 PM IST Business

China’s Export Recovery Threatened by U.S. Slowdown

Recent developments have raised concerns about China's export-driven recove...

08 Aug 2024 12:18 PM IST Business

CBAM Could Increase Tax Burden on India’s Steel Sector by Up to 35%

The European Union's Carbon Border Adjustment Mechanism (CBAM) is poised to...

07 Aug 2024 11:16 AM IST Business

China's Steel Maneuver as Southeast Asia Routes Threaten Indian Investments

It has warned that China's new strategy of routing cheap steel imports thro...

05 Aug 2024 11:23 AM IST Business