Prices soften globally while domestic market maintains stability
Indian steel market, while demonstrating long-term resilience, is currently undergoing a short-term volatility. Prices across the value chain have been under pressure for much of 2024, although the momentum began...
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Trump doubles tariff on aluminium to 50%; MCX Al to fall
The month of May 2025 bought a lot of breather to the markets which benefitted the light weight metal Aluminum. Both LME Aluminium and MCX Aluminium surged in the first half of May’25 by almost 3.42 percent...
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Smelter constraints, energy transition fuel structural tightness in red metal
Copper has long held a central role in the industrial economy, but today it is transitioning into a material of even greater strategic significance. As the global economy pivots toward decarbonization, digital connectivity...
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MCX Zinc likely to fall towards Rs 251 per kg in near term
Like all other base metals, zinc too made its way up north in the month of May’25. LME Zinc and MCX Zinc surged by more than 1 percent and 4 percent respectively in the month of May’25. However, a micro look into...
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Prices maintain upward momentum amid supply constraints
The lead market has shown resilience despite global economic uncertainty, adapting to fluctuating demand and evolving regulatory pressures. As of early June 2025, lead prices have continued their upward...
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Prices remain under pressure amid persistent oversupply, slowing demand
The global nickel market continues to face a significant oversupply challenge that is expected to persist for several more years. Industry experts, speaking at a recent Shanghai Metals Market conference...
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Prices rise amid concerns over Myanmar supply resumption
Tin prices rebounded strongly on June 4, touching a one-week high, driven by mounting concerns that the resumption of mining operations in Myanmar’s tin-rich Wa State may take longer than anticipated.
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Prices soar to record highs on global cues, eye Rs 1.20 lakh mark by Diwali
Silver prices hit an all-time high of Rs 1,04,100 per kilogram in the national capital on June 05, reflecting a strong surge driven by a cocktail of international cues, technical momentum, and industrial fundamentals.
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Uncertainty over US trade policy, likely Russia-Ukraine ceasefire kept the metal prices steady
US import tariff threats and subsequent announcement of trade deals / potential trade deals with various trading partners, kept gold prices range bounded.
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India’s evolving minor metal market: Price shifts and industrial impact in 2025
The Democratic Republic of Congo (DRC) stands as the world’s preeminent source of cobalt, a critical mineral essential for modern battery technology. Estimates indicate that the DRC is responsible for a substantial majority of the world’s..
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India’s stainless steel sector calls for National Policy support at GSSE 2025
The Indian stainless steel industry has made a powerful appeal for a comprehensive National Stainless Steel Policy at the opening of the 3rd Global Stainless Steel Expo 2025 (GSSE 2025), held at the Bombay Exhibition...
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Laws for the people, not against them: Why simplicity in legislation matters
In every democratic and civilized society, laws form the bedrock of governance, justice, and societal order. However, when the legal framework intended to safeguard the rights and interests of citizens becomes...
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Refractories vital in high-temperature production of steel, cement
Refractory products and solutions are critical for the production of steel, cement, glass, aluminium, energy and all such products that require high-temperature manufacturing processes. The Indian cement sector is poised...
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Safeguarding India’s Stainless Steel Utensils Industry: A Case for Balanced Implementation of QCO
Established in 1956, the Stainless Steel Merchants’ Association has long served as the voice of India’s stainless steel kitchenware manufacturers and exporters. Representing an industry primarily composed of micro..
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Decarbonisation and the impact of hydrogen on refractory linings in iron & steel industry
Minerals are precious natural resources that serve as essential raw materials for fundamental industries, so the growth of the mining industry is essential for the overall industrial development of a nation.
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Chrome demand driven by the growth in stainless steel sector
Mining is one of the core sectors that drive growth in an economy. Not only does it contribute to GDP, it also acts as a catalyst for the growth of other core industries like power, steel, cement, etc., which, in turn, are critical for the overall...
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Revenue of cables & wires makers to rise 15-16% in fiscal 2026
Organised cables and wires manufacturers are set to see a successive mid-term growth next fiscal building on an estimated 16% increase in fiscal 2025. This will be on the back of rising investment in end-user segments such as power...
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Clean steel casting technology
Refractories and flow control systems for clean steel casting are technology drivers because the demands on steel cleanliness are permanently increasing. Clogging and nonmetallic inclusions in steel not only contribute to additional...
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Aluminium industry reports decline in greenhouse gas emissions
New data from the International Aluminium Institute (IAI) reveals that, for the first time, total greenhouse gas emissions from the global aluminium sector did not grow, even though aluminium production grew.
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Hindalco well geared to meet country’s varied aluminium needs
Hindalco Industries Limited is the metals flagship company of Aditya Birla Group. A $26 billion metals powerhouse, Hindalco is the world’s largest aluminium company by revenues, and a major player in copper.
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ITI-1600 high-precision thickness gage
Ultrasonic thickness gauges are designed to improve safety and ensure reliability of material subject to corrosion or erosion. Corrosion gauges with their dual-element transducers are the primary inspection...
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FY25 Auto Outlook: Growth rate to moderate in personal mobility segments
While it’s an EU regulation, the Carbon Border Adjustment Mechanism (CBAM) aims to encourage decarbonisation at a global level. As the new rules will affect anyone who exports to the EU, it promises to have significant...
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SECO/WARWICK increases manufacturing capacity in India
SECO/WARWICK, one of the world’s largest global manufacturers of metal heat treatment equipment, has opened a new production hall in India. This is another step in implementing the global expansion strategy...
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Ametek India opens new facility to provide support across industries
AMETEK India Opens New Facility in Bengaluru, India (06 December 2022) – AMETEK India, a subsidiary of AMETEK Inc., is pleased to announce the inauguration of a new, state-of-the-art facility in Bengaluru that will...
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IMTMA honours their founding father Sir Dhanjishah Bomanji Cooper at IMTEX 2023
Indian Machine Tool Manufacturers' Association (IMTMA) which is the apex industry body for the machine tool sector in India hosted the 20th edition of IMTEX. IMTEX is South and Southeast Asia’s largest exhibition...
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Delhi to host Global Zinc Summit 2023
India’s leading zinc conference would bring top national and international industry experts to talk about the latest trends and opportunities for a number of global zinc applications. It will be held at Le Méridien New Delhi, India...
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Volvo and Eicher showcase future-ready mobility solutions aligned with vision of Smart Sustainability
VE Commercial Vehicles (A Volvo Group and Eicher Motors Joint Venture) unveiled a range of future ready mobility solutions from the Eicher and Volvo brands at Auto Expo 2023. Aligned with the Government’s vision...
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Kazakhstan, AIAI & WTC Mumbai to jointly promote bilateral trade
“Kazakhstan is going to organize a mega exhibition in the month of March 2023 to promote Indian products in the 11-country CIS region. The exhibition will promote Indian products across pharmaceuticals, engineering...
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Trump doubles tariff on aluminium to 50%; MCX Al to fall
The month of May 2025 bought a lot of breather to the markets which benefitted the light weight metal Aluminum. Both LME Aluminium and MCX Aluminium surged in the first half of May’25 by almost 3.42 percent...
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Steelmakers gain edge as safeguard duty cools imports, boosts prices
India's steel sector has entered a phase of renewed pricing strength following the imposition of a 12% safeguard duty on steel imports from April 1, 2025. The duty, applicable for 200 days, was introduced to address the sharp rise in inbound...
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Cu prices up amid tariff fears, supply tightness in H1 2025
Global copper prices witnessed a sharp rally in the first half of 2025, driven by macroeconomic uncertainties, supply constraints, and trade policy risks. The US investigation under Section 232 on copper imports and expectations...
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Recycled steel prices seen staying flat
The recycled steel market is expected to maintain stable pricing through Q3 2025, according to the latest World Mirror on Ferrous Metals from the Bureau of International Recycling (BIR). George Adams, CEO of California-based SA Recycling...
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Metals & Mining Sector Outlook: Greenshoots emerge for a mid-cycle recovery
In the July edition of Emkay Metals Monthly, we delved into the strong correlation between commodity prices and China's liquidity landscape. Among the most telling indicators is China's excess money supply-a more refined measure...
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India tightens controls on gold-infused metal imports
In a move aimed at closing regulatory loopholes and curbing gold smuggling, the Indian government has imposed new restrictions on the import of certain precious metal alloys and chemical compounds containing gold.
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China boosts steel billet exports to bypass tariffs
Chinese steelmakers are ramping up exports of semi-finished steel products, particularly billets, as a way to circumvent rising global trade barriers. The strategy is allowing exporters to sidestep tariffs that many countries have placed...
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Canada curbs steel imports to shield domestic industry
Canada has imposed new restrictions on steel imports from all countries except the U.S. and Mexico, aiming to protect its domestic industry from surging foreign competition. The move follows a steep 50% tariff imposed by the U.S. on....
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Indian steelmakers poised for profit gains on price hikes, cheaper coking coal
teel producers in India are poised to report sequential profit growth in the April-June 2025 quarter, as gains from rising domestic steel prices and lower coking coal costs are expected to offset a slowdown in sales volumes.
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Iron ore imports set to surge on rising JSW Steel demand, global price slump
India's iron ore imports are poised for a sharp rise in 2025, as softening global prices and robust demand from the country's largest steel producer, JSW Steel, reshape the market landscape. Traders and analysts expect total imports...
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AM/NS ramps up downstream capacity
AM/NS India will increase its downstream steel production capacity by over 51% to 5 million tonne by the end of 2025, CEO Dilip Oommen announced. The expansion, aimed at serving growing demand from the auto and appliance sectors,
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CBAM may cost Indian steel Euro 551 mn
The European Union's Carbon Border Adjustment Mechanism (CBAM) could impose a Euro 551 million financial burden on Indian steel exporters by 2034, according to a report by Grant Thornton Bharat. The mechanism, which began its reporting...
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AM/NS ramps up downstream capacity
AM/NS India will increase its downstream steel production capacity by over 51% to 5 million tonne by the end of 2025, CEO Dilip Oommen announced. The expansion, aimed at serving growing demand from the auto and appliance sectors, is part...
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Nippon Steel completes $14.9 bn US Steel deal
After 18 months of regulatory hurdles and political pushback, Japan's Nippon Steel has successfully acquired US Steel for $14.9 billion, paying $55 per share. The landmark deal includes a unique national security agreement...
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VAL in MoU with ICAR-CTCRI to transform red mud into a sustainable farming solution
Vedanta Aluminium, one of the largest producers of aluminium, signed a landmark Memorandum of Understanding (MoU) with the Indian Council of Agricultural Research - Central Tuber Crops Research Institute (ICAR-CTCRI).
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Thermal investments seen doubling to Rs 2.3 lakh crore in 3 fiscals
Investments to set up thermal electricity generation capacities will double to Rs 2.3 lakh crore over the three fiscals through 2028, compared with the preceding three fiscals, because of renewed focus on the segment to help meet India's growing...
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Replacement demand to drive tyre sector revenues by 7-8% this fiscal
India's tyre sector will see steady revenue growth of 7-8% this fiscal, driven by replacement demand that accounts for half of annual sales, even as offtake by original equipment manufacturers (OEMs) will likely be subdued and exports steady.
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India must build Cu reserves, invest in high-tech recycling: ICA
India needs to act swiftly to build functional copper reserves and scale up advanced recycling technologies to ensure its long-term economic and strategic resilience, according to the Copper Vision Document 2025 published by the International...
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India, Canada to resume FTA talks
India and Canada have agreed to resume negotiations on a free trade agreement (FTA) that were suspended in September 2023, just before New Delhi was to host the G-20 Summit. In the first meeting...
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Developing nations' '23 FDI lowest since 2005
Foreign Direct Investment (FDI) into developing countries fell to $435 billion in 2023, the lowest in nearly 20 years, the World Bank said Monday last, warning that rising trade and investment barriers posed a "significant threat...
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Exports in negative zone, down 2.2% in May
India's merchandise exports slipped back into the negative zone in May after two months of positive growth. Goods exports in May were down 2.17% on year at $ 38.73 billion, while imports dropped 1.73% to $ 60.61 billion...
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Enlight Metals expands to K'taka & Gujarat
Pune-based metal aggregator Enlight Metals Pvt. Ltd., established in 2024, has expanded operations to Karnataka and Gujarat to meet growing OEM demand. Leveraging its Mumbai service center and regional partnerships...
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Vedanta unveils breakthrough in graphite recovery
On National Technology Day 2025, Vedanta Aluminium announced it has secured a patent for a pioneering process to extract high-purity graphite (>99%) from aluminium industry waste. Developed with CSIR-IMMT, Bhubaneswar,
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Vedanta explores critical minerals across 6 states
Vedanta Ltd. is exploring critical mineral assets across Maharashtra, Rajasthan, Bihar, Arunachal Pradesh, Karnataka, and Chhattisgarh to support India's push for mineral security and energy transition.
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Vedanta eyes Zn & aluminium VAP growth
Vedanta is scaling its value-added product (VAP) offerings in zinc and aluminium. It has entered the zinc alloy space with a 30,000 TPA plant and is investing $1.5 billion to expand its aluminium smelting and VAP infrastructure.
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World of Cables: Cables rock wire 2026!
From 13 to 17 April 2026, wire Düsseldorf will once again be the international hot spot for industrial news and technological trends in wire and cable technologies. As a global industry hub, it is expanding its offering...
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Centre to enforce strict timelines, penalties for critical mineral mining
India is set to implement a stringent framework of deadlines and penalties for exploration and production of critical minerals, as part of an urgent push to ensure domestic security of resources essential for clean energy technologies.
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India, EU holds next round of FTA talks
India and the European Union (EU) chief negotiators began the next round of talks on the proposed free trade agreement (FTA) here from Monday last, with an aim to conclude the first phase of the pact...
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'Trade deal with India may take time'
A trade deal with India may take time as a long list of tariff lines need to be negotiated, the US commerce secretary Howard Lutnick told Bloomberg Podcasts. "India has been leaning in really hard, I would love doing a deal,
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WB Director Iyer to represent India in IMF
Ahead of a crucial meeting of the International Monetary Fund (IMF) on fresh loans to Pakistan, the government has given India's executive director at the World Bank Parameswaran Iyer temporary charge at IMF also, following...
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India's outward FDI up to$6.8 bn in April
India's outward foreign direct investment (FDI) commitments almost doubled to $ 6.8 billion in April 2025, up from $ 3.58 billion the same month last year. Sequentially, they rose from $ 5.9 billion in March 2025, according...
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India, New Zealand wrap up 1st round of FTA talks
Working against a tight deadline, India and New Zealand on Friday last wrapped up the first round of negotiations on a bilataral Free Trade Agreement (FTA). The round that started on May 5 discussed the broad contours...
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