Global stainless steel output rises in H1 2024
Stainless steel production saw a 6.3 per cent rise globally in the first half of 2024, driven by growth in Asia, Europe, and the Americas. The World Stainless Association reports steady increases across most regions. According to the World Stainless...
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Rising Nickel prices challenge global stainless steel sector
The stainless steel industry faces heightened pressures as nickel prices rise, compounded by weak demand in key markets. Experts forecast further challenges for the sector as raw material costs surge. Market participants indicate that climbing nickel prices are expected to...
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Jindal Stainless announces last quarter’s financial results
Jindal Stainless Limited announced its Q2FY25 financial results, reporting a standalone net revenue of Rs 9,746 crore. Jindal Stainless Limited announced its Q2FY25 financial results, reporting a standalone net revenue of Rs 9,746 crore. The company’s standalone EBITDA stood at...
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Precision stainless steel market analysis: projected growth through 2031
A report by DataM Intelligence highlights the growth path of the Precision Stainless Steel Market from 2024 to 2031. The Precision Stainless Steel Market is poised for remarkable growth, with projections indicating a significant compound annual growth rate (CAGR) from...
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Saudi Arabia stainless steel market poised to reach US$ 9.25bn by 2030
Saudi Arabia stainless steel market report 2024–2032 predictions a CAGR of 8.89 per cent. With infrastructure development booming and industrial advancements, the market is set to grow significantly. The Saudi Arabia stainless steel market is experiencing remarkable growth, driven by...
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Rathi Steel & Power surges 5% after board approves Rs 50cr stainless steel project
Rathi Steel & Power announces a forward integration project to produce stainless steel wires and bright bars, driving stock gains. Rathi Steel & Power shares surged by 5 per cent after the company revealed plans for a forward integration project....
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