Sambhv Steel Tubes strengthens market reach with integrated manufacturing push Ferrous growth picks up as steel prices recover Anil Agarwal seeks $25 billion mining push for steel India’s finished steel consumption rises 7% in FY26
US services activity slowed in March, pointing to softer momentum in one of the economy’s biggest sectors. The Institute for Supply Management’s services PMI fell to 54.0 from 56.1 in February, showing growth continued but at a slower pace. New orders stayed strong, but business activity eased and employment slipped into contraction. Businesses also faced rising input costs, especially for oil, fuel, lumber, copper and steel, while supply chain concerns grew amid Middle East tensions and shipping disruptions. The latest survey suggests the US services sector remains resilient, but inflation pressure and logistics challenges are starting to weigh on confidence and operations. For businesses and investors, the report highlights a clear trend: growth is still intact, but the road ahead looks more uncertain and more expensive.
Also Read : Global Steel Capacity to Rise by 165 MT by 2027, West Raises Concerns US grants $1.5 billion to GlobalFoundries for domestic semiconductor production
Nomura Research predicts that India’s safeguard duty on steel imports will drive up domestic s...
Business 08-Mar-2025
Private Indian enterprises have expressed an interest in developing at least 10 GW of coal-fired pow...
Large Corporate 05-Mar-2024
India’s finished steel consumption recorded a healthy 7% growth in FY26, reflecting sust...
Business 08-Apr-2026
Vedanta Group, a mining conglomerate, expects $6 billion in pre-tax profits in the coming fiscal yea...
Large Corporate 29-Feb-2024
In a significant move towards establishing India's first major chipmaking plant, Tata Sons Chairman...
Large Corporate 20-Feb-2024
Turkey’s metal industry began 2026 with a sharp drop in export volumes—but a histo...
Asia 16-Feb-2026