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India Targets 600 Million Tons of Steel Capacity by 2047

By Uniquetimesorg September 29, 2026 0

India’s new steel policy targets 600 million metric tons of steelmaking capacity by 2047, according to Steel Secretary Sandeep Poundrik. The draft policy is intended as a roadmap for the sector over the next two decades and is expected to be released publicly soon. India’s steelmaking capacity stood at about 220 million tons in fiscal […]Continue Reading

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Lakshmi Mittal Sees India as ArcelorMittal’s Next Growth Engine

By Uniquetimesorg August 5, 2026 0

ArcelorMittal Executive Chairman Lakshmi Mittal has identified India as one of the company’s biggest long-term growth markets, saying the country’s current development mirrors China’s growth trajectory from 25 years ago. He said India’s steel industry has significant room to expand over the next 30 to 40 years, creating major opportunities for the global steelmaker. The Continue Reading

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Odisha Warns Miners, Steel Firms Over Iron Ore Grade Manipulation

By Uniquetimesorg August 4, 2026 0

Odisha, India’s largest iron ore-producing state, has warned mining companies and steel manufacturers of strict action over alleged iron ore grade manipulation and misdeclaration. State inspections reportedly found discrepancies that could have resulted in significant revenue losses, prompting authorities to tighten oversight across the sector. The companies named in Continue Reading

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SAIL, Krakatau Steel to Build $350M Indonesia Plant

By Uniquetimesorg July 29, 2026 0

Steel Authority of India Limited (SAIL) and Indonesia’s Krakatau Steel are planning to invest up to $350 million in a new stainless steel slab manufacturing plant in Indonesia. The proposed facility will have an annual production capacity of 500,000 metric tons and is expected to become operational within the next three to four years. The […]Continue Reading

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Indian Steelmakers Shift Focus to Domestic Market

By Uniquetimesorg July 21, 2026 0

Indian steel manufacturers are increasingly focusing on the domestic market as exports to Europe and the UK are expected to decline following tighter import regulations. Industry executives estimate shipments to these markets could fall by as much as 40% this fiscal year, prompting companies to look for stronger demand within India. However, the strategy faces […]Continue Reading

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India Watches Steel Imports Before Considering New Curbs

By Uniquetimesorg June 23, 2026 0

India will continue monitoring steel imports for at least the next two months before deciding whether additional measures are needed to curb rising shipments, particularly from China. Despite imposing a three-year import tariff on selected steel products last year, the country remained a net importer for the second consecutive month in May, highlighting ongoing concerns Continue Reading

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India Eyes Global Partnerships to Secure Steelmaking Raw Materials

By Uniquetimesorg March 27, 2026 0

India is set to initiate talks with Argentina, Indonesia, and Oman to strengthen supplies of key steelmaking raw materials, including coking coal and iron ore, while also exploring access to advanced technologies. The discussions are expected to take place at a major global steel summit next month, as the country looks to secure resources essential […]Continue Reading

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India to Support Steel Exports Amid EU Carbon Tax

By Uniquetimesorg February 9, 2026 0

India’s steel exports are facing continued challenges due to the European Union’s carbon tax and import quotas, prompting the Indian government to step in to support the sector, federal steel secretary Sandeep Poundrik said on Monday. The comments come shortly after India and the EU signed a trade deal that reduced tariffs on several goods […]Continue Reading

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India-US Energy Pact Boosts Coal and Nuclear Cooperation

By Uniquetimesorg February 7, 2026 0

India and the United States are strengthening their strategic energy partnership, with the recent trade agreement expected to increase imports of coking coal and engagement in nuclear reactor technology. India, the world’s largest buyer of US coal, imported 20 million tonnes of coal from the US in FY25, with coking coal accounting for 40% of […]Continue Reading

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Tata Steel Netherlands Faces $1.6 Billion Claim Over Alleged Environmental Impact

By Uniquetimesorg December 26, 2025 0

Tata Steel’s Netherlands arm is facing a potential compensation claim of about $1.6 billion after a Dutch non-governmental organisation filed a collective action alleging environmental and health damage linked to its IJmuiden operations. In a regulatory filing on December 25, Tata Steel said Stichting Frisse Wind has approached the District Court of North Holland in […]Continue Reading