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
Kirloskar Ferrous Industries Limited (KFIL), a major participant in the Indian castings and pig iron sector, has reopened its micro blast furnace in Hiriyur. This move comes following a temporary stoppage that began on February 22, 2024, in response to dwindling demand and pig iron prices.
The closure was a tactical move by KFIL to maintain its overall company resilience and production efficiency in the face of unstable market conditions.
In a statement, KFIL said it has taken aggressive measures to restart the furnace because the market is showing signs of improvement and pig iron prices are stabilising. This action demonstrates KFIL's flexibility in adapting to market changes and its dedication to upholding strict criteria for operational excellence and dependability.
Also Read : Tata Steel to cease operating of coke ovens at Port Talbot plant Vietnam’s VinFast seeks India EV import duty cut as plant construction starts
State-owned Coal India Ltd on Friday stated that it supplied 509 million tonnes of coal to thermal p...
Announcement 02-Feb-2024
The visit of India’s trade minister to the US comes at a crucial time as the possibility of ne...
Announcement 03-Mar-2025
The decline in the number of ships arriving in Alang for dismantling has had a knock-on effect on th...
Raw Material 14-May-2024
In a case involving lump sum purchases of iron ore, the Chennai bench of the Customs, Excise, and Se...
Large Corporate 12-Feb-2024
✅ Ukraine’s flat steel exports fell 13.2% m/m in February.✅ Weak demand and logistical issue...
Business 21-Mar-2025
India anticipates small impact from US tariff increase.Minister assert...
Announcement 03-Jun-2025