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Domestic market holds firm amid global weakness

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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New steel norm hits MSMEs, sparks shutdown fears

The Indian steel ministry's recent order expanding the scope of quality control regulations could severely impact micro, small, and medium enterprises (MSMEs), particularly those relying on semi-finished steel imports...
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Govt extends steel quality norms to raw materials

In a significant policy shift, the Ministry of Steel has extended the Quality Control Order (QCO) to include not just finished and semi-finished steel products, but also the raw materials and input components used...
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Copper outperforms as metal prices rebound

Industrial metal prices have staged a notable rebound, recovering more than half of their losses since the March sell-off. Adjusted for a weaker U.S. dollar, metals have entered positive territory for the year.
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India to link iron ore prices to global index

In a major policy shift aimed at enhancing transparency and revenue accuracy, India has proposed benchmarking domestic iron ore prices to global indices such as S&P Global Platts. This move marks a departure...
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Weakening demand, steady supply: What's driving coal's price decline in 2025?

Coal prices fell 21 percent in 2025Q1 (q/q), reflecting weak import demand from Asia and steady increases in seaborne supply. The downward trend continued into April, with prices averaging $99 per metric tonne (mt)...
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Vedanta Aluminium expands wire rod capacity to support India's 5G rollout, infra boom

Vedanta Aluminium, one of the largest aluminium producers, announced a significant expansion in aluminium wire rod production at its subsidiary Bharat Aluminium Company (BALCO), as part of its broader goal to double...
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Govt forms task force to tackle rare earth magnet crisis

In a major move to address the growing shortage of rare earth magnets and critical minerals, the Indian government has set up an inter-ministerial coordination committee to ensure secure and long-term supply...
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Rare earth miners may get grants, fast-track licences

To reduce India's dependency on China for rare earth elements, the government is considering offering grants, faster clearances, and regulatory easing for companies willing to mine and refine these critical resources.
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Green steel now a necessity, not a choice: Kumaraswamy

Union Steel Minister H.D. Kumaraswamy has underscored that adopting clean and low-carbon technologies is no longer optional but a critical necessity for the steel industry. In a virtual address at the BigMint Future Steel...
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NMDC's outlook weakens as iron ore prices slide

NMDC Ltd's recent price cuts reflect a weakening outlook for the iron ore market, weighed down by a surplus in domestic supply and subdued global prices. Analysts warn that more reductions may be on the horizon...
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Sambhv Steel Tubes IPO to open on June 25

Sambhv Steel Tubes has announced that its Rs 540-crore initial public offering (IPO) will open for subscription on June 25 and close on June 27. The company has set a price band of Rs 77-82 per share for the issue.
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SAIL supplies steel for INS Arnala

Steel Authority of India Limited (SAIL), a Maharatna PSU and the country's largest steelmaker, has supplied the entire special steel requirement for INS Arnala, India's first indigenously designed and built Anti-Submarine...
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Canada to impose steel, aluminium tariffs

Canada will introduce new tariff measures to combat global overcapacity and unfair trade practices in the steel and aluminium sectors, Prime Minister Mark Carney announced Thursday last. The move comes after U.S. President Donald Trump doubled tariffs...
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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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'Crude oil demand likely to decline in 2030'

Global oil demand is set to decline slightly in 2030 for the first time since the COVID-19 shock in 2020, according to the International Energy Agency (IEA). In its latest Oil 2025 outlook, the IEA attributes the slowdown...
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Global energy transition gains ground, but security and capital challenges persist

Global progress towards secure, equitable and sustainable energy is accelerating after years of sluggish gains, according to a World Economic Forum report released recently. However, rising geopolitical tensions, investment...
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Metals & mining tariff scenarios: Potential impacts of new US tariffs on metals markets

Following the 2024 US presidential election, Donald Trump's return to office has ushered in a new era of trade policies, reminiscent of his first term but with renewed vigour and broader scope.
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Vedanta Chairman unveils 'Vedanta 2.0' amidst record FY2025 and demerger progress

Natural resources giant Vedanta Ltd has outlined a bold transformation strategy to reposition itself as a global leader in transition metals, critical minerals, energy, and technology. Chairman Anil Agarwal, in his address...
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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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