Market News

Even Non-Chinese Trade Depends on China | The Reason Why

hina dominates steel production, the main shipbuilding material, giving it cost and delivery advantages.

Stock markets decline for 2nd day on selling in oil, gas, banking shares

Stock markets closed lower for the second consecutive day on Wednesday as investors remained cautious amid conflicting geopolitical signals from the West Asia and fresh foreign fund outflows. In a volatile trade, the 30-share BSE Sensex declined 141.90 points, or 0.19 per cent, to settle at 75,867.80, with 20 of its constituents ending higher and 10 with losses. During the day, it hit a high of 76,224.68 and a low of 75,748.21, gyrating 476.47 points. The 50-share NSE Nifty skidded 6.55 points, or 0.03 per cent, to end at 23,907.15. Sensex had dropped by 479.26 points and Nifty by 118 points on Tuesday. Financials, oil & gas, IT and private banking shares were the major drag while energy, metals, and auto shares advanced, capping the downside. Among 30 Sensex firms, HDFC Bank fell the most by 2.63 per cent. Infosys, ITC, Hindustan Unilever, Reliance Industries and ICICI Bank were also among the major laggards. Power Grid, Eternal, NTPC and Tata Steel were the major ...

NSE Inks MoU With Steel Users Federation For Joint Development Of Steel, Commodity Derivatives Ecosystem

The initiative is expected to benefit a wide range of stakeholders.

JSW Steel commences 13.2 MTPA Paradeep Integrated Steel Plant project

The Paradeep Integrated Steel Plant will be developed in phases with a planned capacity of 13.2 million tonnes per annum (MTPA) and an estimated investment of about Rs 65,000 crore in phases. Spread across nearly 2,950 acres, the project is strategically located on Odisha's coastline, offering strong port connectivity, efficient access to raw materials and robust logistics infrastructure to serve both domestic and international markets.

Surani Steel Tubes reports consolidated net loss of Rs 0.07 crore in the March 2026 quarter

Sales decline 63.80% to Rs 41.34 crore

Meenakshi Steel Industries reports consolidated net loss of Rs 0.49 crore in the March 2026 quarter

Sales rise 31.78% to Rs 4.23 crore

Hopeful JSW's Rs 65,000 cr steel plant will be completed by 2029, to boost industrialisation: Majhi

Odisha's Chief Minister Mohan Charan Majhi is optimistic that JSW's massive Rs 65,000 crore integrated steel plant near Paradip will be operational by 2029. This mega project marks a significant step in the state's industrialisation. The plant will have an initial capacity of 13.2 MTPA and is expected to create substantial employment and economic opportunities for the people of Odisha.

JSW Steel kicks off Rs 65,000 crore greenfield steel project in Odisha

JSW Steel has launched a massive Rs 65,000 crore steel project in Odisha. This 13.2 million tonne per annum integrated steel plant will be developed in phases at Paradeep. The project is strategically located on Odisha's coastline. It will offer strong port connectivity and efficient access to raw materials. This development aims to serve both domestic and international markets.

JSW Steel begins work on ₹65,000 crore Paradeep Steel Plant in Odisha

The coastal steel plant at Paradeep will be developed in phases and is expected to boost Odisha’s role as a major steel manufacturing hub.

Tata Steel Share Price Live Updates: Tata Steel Trading Volume Insights

CIL arm BCCL begins commercial operation at coal washery in West Bengal

Bharat Coking Coal Limited has started commercial operations at its new 2 million tonne per annum Bhojudih coking coal washery in West Bengal. This facility will increase the supply of washed coal to India's steel industry. The move aims to reduce the country's heavy reliance on imported coking coal.

NSE inks pact with Steel Users Federation to develop steel derivatives market

The National Stock Exchange of India and the Steel Users Federation of India have partnered. This collaboration aims to build a robust derivatives market for steel in India. The initiative will offer steel industry participants a way to manage price risks. This will lead to better price discovery and hedging for the domestic steel value chain.