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STEEL PRODUCTION COST INCREASE
China's LandSpace lands rocket booster; joins SpaceX and Blue Origin with reusable techThe ability to return, recover and reuse a booster is crucial to reduce cost and make it easier to put satellites into orbit, turning space...
Govt organises awareness session on EU CBAM for exportersIndian exporters received an awareness session on the EU's Carbon Border Adjustment Mechanism regulations. This mechanism, effective Januar...
Ashok Leyland just had a record June quarter. So why did the margin fall a full point?Ashok Leyland's June-quarter has an unusual contradiction. The company sold 48,763 commercial vehicles, its highest-ever first-quarter volu...
Tata Steel gets CCI nod to acquire additional 23% stake in TM International LogisticsThe Competition Commission of India has approved Tata Steel’s acquisition of an additional 23% stake in TM International Logistics from IQ ...
Steel Ministry mandates melt and pour to tighten domestic procurement policyThe Steel Ministry has introduced a melt-and-pour clause for domestic steel procurement. This policy tightens rules for suppliers participa...
Colgate may get costlier as input inflation returnsColgate-Palmolive India may increase product prices further due to rising commodity costs. The company is protecting vulnerable consumers w...
After nearly 6 years of research, HKU scientists created steel that survives 1,700 mV in seawater, potentially replacing titanium parts and cutting structural material costs 40 times for green hydrogenGreen hydrogen has a costly weakness. Its equipment can depend on expensive titanium to survive harsh electrochemical conditions. Scientist...
ArcelorMittal to restore Ukraine plant after missile strike kills 2, injures 13Following a missile attack, ArcelorMittal is taking steps to rehabilitate its Ukrainian steel facility, an incident resulting in two fatali...
Rs 2.5 lakh income at 28 makes him feel poorer than when he earned Rs 30,000: Is it just 'adulting' or a 'salary trap'A 28-year-old man earning ₹2.5 lakh a month says he feels poorer and more stressed than when he earned ₹30,000, sparking a Reddit debate ov...
Jindal Stainless investing Rs 900 crore to increase cold rolling capacity to 2.67 MT by FY28: MDJindal Stainless plans a Rs 900 crore investment to expand its cold rolling capacity. This expansion will support rising demand from key in...
Zinc Rally: What's drivingprices to record highs and what lies ahead?Zinc prices have escalated to their highest levels in years on international markets, fueled by supply interruptions and dwindling stockpil...
MSMEs in India's secondary steel sector can reduce their power bills by up to 34 pc per year: ReportIndian MSMEs in the secondary steel sector can reduce power bills significantly. Switching to renewable energy offers substantial annual sa...
India's small steelmakers could save money and cut emissions with switch to renewable powerSmaller steel firms in India can reduce electricity bills by one-third and cut carbon emissions by adopting renewable energy, which will of...
Primary steel makers may maintain Rs 11K per tn operating profitability in FY27 despite cost pressurePrimary steel producers expect steady operating profitability this fiscal year. Higher global steel prices and safeguard duties will suppor...
US productivity rises faster than expected in second quarterUS worker productivity saw a stronger than anticipated 1.4% rise last quarter. This growth follows a revised 0.8% increase in the prior per...
Jindal Steel to spend less, focus on utilising capacity: MD VR SharmaJindal Steel will not take on debt for capacity expansion, focusing instead on optimizing operations. The company plans to invest in value-...
Value addition key for Tata Steel as prices fall and costs increaseTata Steel saw strong revenue growth in the June quarter, driven by higher realisations. However, global steel prices are softening, and co...