JSW Steel rises 2% on gas supply worries HSBC raises Tata Steel target to ₹250 British Steel to supply 120,000 mt billet to Nigeria ₹3,200 crore Tata Steel EAF starts in Ludhiana
China's output of Pig iron and crude steel totalled 284.99 million metric tonnes (MMT) and 343.67 MMT, respectively, down 4.3% and 3.0% year on year during the Jan-Apr period of this year. Meanwhile, the total national ferrous scrap consumption amounted to 79.31 MMT, increasing by 1.7% year on year.
Consolidated scrap consumption reached 230.8 kg/mt, with an increase of 10.6 kg/mt, or 4.8%, compared to the same period last year. In particular, the scrap consumption via converters amounted to 184.5 kg/mt, increasing by 5.8% year on year, while scrap consumption via electric furnaces totalled 657.9 kg/mt, up 2.7% year on year.
Also Read : India's steel trade deficit grew to $516 million in April-May Excess Chinese steel is putting pressure on Indian steelmakers
Bengal’s Steel Industry to Receive ₹8,000 Crore Investment West Bengal’s steel sector i...
Construction 20-Aug-2025
Jaydeep Steelwork India Pvt Ltd has signed an MoU with the Maharashtra government to set up an integ...
India 20-Sep-2025
Indian Oil Corporation (IOC) has revealed a substantial surge in its net profit for the third quarte...
Large Corporate 24-Jan-2024
State-owned Central Coalfields Ltd (CCL) is considering a joint venture (JV) with the Jharkhand gove...
Announcement 23-Jan-2024
American steel producers have raised concerns that new import tariffs and regulatory costs are putti...
US 30-Oct-2025
India’s steel industry is set for a recovery, supported by safeguard duties, seasonal demand,...
India 23-Sep-2025