Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
Industrial expansion fell to 4.9% in April 2025.
Manufacturing and mining production decelerated.
Slow growth in capital goods and consumer durables.
Industrial growth in India slowed to 4.9% in April 2025, its weakest pace in eight months. Manufacturing increased 4.5%, mining 5.1%, and electricity 6.2%.
Major pointers such as capital goods (3.6%) and consumer durables (1.9%) recorded subdued performance due to weak investment demand and risk-averse consumer spending.
Experts point to global uncertainties and supply issues as the key drags, even as underlying domestic demand is steady. The government should closely monitor this trend and step in if required.
Also Read : Indian Steel Prices Facing Risk from Chinese Imports, Tariff Pressures, Fitch Says Neelachal Ispat Nigam Achieves ₹1,000 Cr EBITDA in FY25
Shell's pullout from Nigeria's onshore oil sector shows the difficulties oil majors face in Africa's...
Africa 29-Jan-2024
The Indian steel industry has showed concern over India becoming a net importer of steel in 2023-24,...
Announcement 10-Apr-2024
Zinc prices on Monday fell 0.19% to ₹213.30 per kilogram in the futures trade as speculators reduced...
Non-Ferrous 19-Feb-2024
The Yogi government has launched strategies to transform 17 major cities of the state into solar cit...
Renewables 08-Feb-2024
Global crude steel production for the 71 countries reporting to the World Steel Association (worldst...
Ferrous 23-Feb-2024
Coal India, a state-run company, would bid for three blocks in the country's mines ministry's import...
Non-Ferrous 19-Feb-2024