Jindal Stainless reports strong Q2 growth with Rs 10,893 crore consolidated revenue
Jindal Stainless Limited (JSL) reported strong financial results for the quarter ended 30 September 2025. The company recorded a sales volume of 6,48,050 tonnes, marking a 14.8 per cent rise year-on-year. Standalone net revenue grew by 11.6 per cent to...
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Asia’s Forged Stainless Steel Bar Market Set to Recover as India Leads Exports
Asia’s forged stainless steel bar market is showing signs of a slow recovery after years of decline. As per a report by IndexBox, the market stood at US $8.1 billion in 2024, with total consumption at 2.4 million tonnes. Analysts...
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India’s Stainless Steel Scrap Prices Remain Under Pressure amid Weak Demand
India’s stainless steel scrap prices continued to drop this week as weak buying interest and sufficient scrap availability weighed on the market. Additionally, mills preferred using nickel pig iron (NPI) and semi-finished products, which reduced the need for scrap. BigMint...
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IMFA to Acquire Tata Steel’s Ferro Chrome Plant in Kalinganagar for Rs 610 Crore
Indian Metals & Ferro Alloys Ltd (IMFA), India’s leading fully integrated ferro alloys producer, has signed agreements to acquire Tata Steel’s ferro chrome plant in Kalinganagar, Odisha. Established in 1961, IMFA will purchase the facility for Rs 610 crore. The...
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India’s Stainless Steel Market Stays Sluggish Despite BIS Import Relaxation
India’s stainless steel market remains sluggish even after imports resumed following the Bureau of Indian Standards (BIS) relaxation. Domestic demand for stainless steel products has weakened, and market sentiment stays subdued. Moreover, import flows restarted quickly once the regulatory relief...
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Govt Launches Third Round of PLI Scheme to Boost Stainless Steel and Specialty Steel Production
The government launched the third round of the Production-Linked Incentive (PLI) scheme for Specialty Steel on Tuesday. It also aims to accelerate stainless steel production and promote domestic manufacturing under the Aatmanirbhar Bharat vision. Union Minister H.D. Kumaraswamy led the...
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