The Indian government has prepared a draft framework policy for the development of steel clusters in the country, Manufacturing Today reported. Work on the policy, however, started sometime in late 2019 but ran into a hurdle because of the COVID-19 pandemic. Does your company have a steel buying strategy based on current steel price trends? […]
Tag: India
India takes steps to restrict copper, aluminum imports
FurAccording to the Indian Financial Express, the country is intending to take a leaf out of the European Union’s book and introducing an import surveillance scheme for aluminum and copper imports. Does your company have an aluminum buying strategy based on current aluminum price trends? India’s rising copper, aluminum imports Like the E.U.’s scheme, the […]
This Morning in Metals: India to limit copper, aluminum imports
This morning in metals news: India is looking to curb its imports of copper and aluminum; Rio Tinto and Turquoise Hill reached a financing agreement for the Oyu Tolgoi underground mine project; and Germany’s steel industry needs state aid. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. India targets […]
India’s economy struggles as coronavirus cases rise
India faces a dilemma — the country has the second-highest coronavirus caseload in the world at 4.2 million people and its economy is struggling. India overtook Brazil this week, as it reported a record 90,000+ new cases on Saturday and nearly 92,000 on Sunday. Yet, despite surging infections, India desperately needs to get its economy […]
India struggles with the double whammy of a pandemic, economic shock
The COVID-19 pandemic has had a significant impact on the Indian economy, as detailed by the Financial Times in an article covering the country’s response to the challenges posed by the pandemic. Want MetalMiner directly in your inbox? Sign up for weekly, monthly or quarterly updates now. Q2 contractions for India, other large economies India’s […]
India to propose World Solar Bank at upcoming summit
India will propose a World Solar Bank at the World Solar Technology Summit organized by the International Solar Alliance (ISA) in September, the Business Standard reported. Stay up to date on MetalMiner with weekly, monthly, or quarterly updates – without the sales pitch. Sign up now. The virtual conference by the India-headquartered ISA will showcase […]
Despite COVD-19 fallout, some Indian steel executives see signs for optimism
Although domestic demand has been hit hard in India, CEOs of Indian steelmakers see signs for optimism.
Tata Steel to launch first scrap-based steel plant in India
India’s first scrap-based steel plant will soon come online. Tata Steel has set up the new plant in Haryana in central India. The plant is expected to have an annual capacity of 500,000 tons, the Hindu Business Line reported. Tata has set up the plant in collaboration with Aarti Green Tech Ltd, a subsidiary of […]
Indian sponge iron manufacturers ask government to restrict iron ore pellet exports
Indian sponge iron manufacturers are looking to the government to limit exports of iron ore pellets.
India inaugurates new 750 MW solar park as it aims to grow domestic industry
A few days ago, India took one more step in the clean energy direction when Prime Minister Narendra Modi inaugurated one of the world’s largest solar parks in Rewa in central India.