Stainless Steel Maker Mangalam Worldwide’s Profit Up 52 Per Cent in Q2
Stainless steel manufacturer Mangalam Worldwide Ltd reported a 52 per cent year-on-year rise in consolidated net profit at Rs 10.53 crore for the quarter ended 30 September 2025. The company achieved this growth through higher sales volumes, better realisations, and...
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India’s Stainless Steel Scrap Market Steady amid Weak Demand and Holiday Slowdown
India’s stainless steel scrap market stayed stable this week as trading activity slowed and demand remained weak. BigMint assessed 304-grade domestic scrap at Rs 1,16,000 per tonne ex-Delhi, unchanged week-on-week. Imported 304-grade scrap from nearshore origins stood at US $1,280...
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India’s Stainless Steel Scrap Market Steady amid Weak Demand and Holiday Slowdown
India’s stainless steel scrap market stayed stable this week as trading activity slowed and demand remained weak. BigMint assessed 304-grade domestic scrap at Rs 1,16,000 per tonne ex-Delhi, unchanged week-on-week. Imported 304-grade scrap from nearshore origins stood at US $1,280...
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Jindal Stainless Doubles Slag Processing Capacity with New Wet Milling Plant in Odisha
Jindal Stainless, India’s largest stainless steel producer, reached a major sustainability milestone with a new wet milling plant at its Jajpur facility in Odisha. The new unit doubles the company’s slag processing capacity and creates 140 new jobs in the...
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India’s Imported Stainless Steel Scrap Market Shows Mixed Trends
India’s stainless steel scrap market showed mixed trends last week. Domestic scrap prices rose as supply stayed tight, while imported scrap slipped slightly, especially in 304 grades, due to bid-offer gaps. BigMint assessed domestic 304-grade scrap at Rs 1,16,000 per...
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India Restores BIS Certification for Taiwanese Steel to Ease Supply Crunch
India has restored the Bureau of Indian Standards (BIS) certification process for Taiwanese stainless steel and steel products. The decision aims to clear long-standing supply bottlenecks and bring relief to domestic manufacturers struggling with persistent raw material shortages. The Ministry...
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