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
Canada’s coal industry is urging the federal government to classify metallurgical coal as a critical mineral after fresh export agreements with Indian steelmakers underscored its role in global steel supply chains. The move is being pitched as a way to strengthen supply security, attract investment and support Canada’s position in steelmaking raw materials.
The push follows new memorandums of understanding involving Elk Valley Resources, a Canadian subsidiary of Glencore, and Indian steel companies including A-One Steels India, Jindal SAW, Shyam Sel & Power, and Jayaswal Neco Industries. Together, the deals cover about 1.2 million metric tons of metallurgical coal and are valued at roughly C$285 million.
Supporters say metallurgical coal remains essential for producing steel used in infrastructure, transport, energy equipment and industrial manufacturing. They argue that granting it critical mineral status could speed up permitting, encourage mining investment and help Canada remain a dependable supplier as India expands steel capacity and looks for stable long-term coking coal sources.
Also Read : Gazi Metal Orders Pomini Tenova Foundation-Free Roll Grinder Nippon Steel Plans $3.2 Billion Convertible Bond Sale
The third metro line project is being carried out under the Public-Private Partnership (PPP) model,...
Construction 07-Feb-2024
Jindal Steel has remained in focus after breaking out of a 20-month consolidation phase, with...
Business 05-Mar-2026
As part of the 'Invest in Odisha' initiative, the ACME Group has joined forces with IHI Corporation...
Small Enterprises 23-Jan-2024
India’s ambition to build 300 MTPA crude steel capacity by 2030 will need more than scal...
Business 18-Mar-2026
Rashtriya Ispat Nigam Limited (RINL), the corporate entity of Visakhapatnam Steel Plant (VSP), has o...
Mid Corporate 28-Feb-2024
Nippon Steel has completed a major fundraising move, selling 600 billion yen (around $3.9 bill...
US 26-Feb-2026