Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
Iran’s Khuzestan Steel Company could take six months to one year to restore operations after suffering major damage in a recent strike, according to the report. The disruption is significant for the regional steel market, as the company now faces a prolonged rebuilding phase at a key industrial site.
The report says all modules and steel-making furnaces at the complex were damaged, highlighting the scale of the setback. It also notes that reconstruction will depend on Iran’s domestic resources and technical capabilities, making recovery both costly and time-consuming.
The International Atomic Energy Agency said Iran had reported that the facility used sealed cobalt-60 and caesium-137 radioactive sources and that the steel production site was among those targeted in last week’s strikes. For steel market watchers, the incident adds fresh uncertainty around industrial output, supply stability, and recovery timelines in the region.
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