Steel Mill

Jindal Steel and Power (JSP) Ltd on Friday announced the commissioning of a 6 MTPA hot strip mill at its steel manufacturing facility in Angul, Odisha. The mill has been commissioned in a record time of 29 months, the hot strip mill (HSM) produced the first set of coils on January 10, 2024, which were dispatched this week on Monday, JSP said in a statement. "Supplied by SMS SIEMAG, the HSM is capable of producing 1.00 mm thick and 1,680 mm wide coils and is equipped with advanced features like transfer bar cooling, edge heater, coil box, and heat shields, ensuring top-notch flatness, uniform mechanical properties, and production of superior value-added grades," it said. Commissioning of the HSM positions the company to cater to various sectors, including auto, construction, oil, downstream cold rolling, galvanising, colour coating, etc, JSP said. "Commissioning of HSM at Angul is an important milestone for Jindal to become a serious player in the flat products market. That it has b

An explosion at a steel mill in China's northeast killed four people and left five hospitalised with injuries, the city government said on Friday. A blast furnace exploded Thursday morning at the Yingkou Iron and Steel Co., Ltd. in Yingkou, east of Beijing in Liaoning province, the city's Emergency Management Bureau said in a statement. The cause was under investigation, but experts believe an equipment malfunction was to blame, the announcement said. Phone calls to the Yingkou government on Friday weren't answered. The disaster occurred less than 12 hours after an explosion Wednesday evening blamed on cooking gas killed 31 people in a barbecue restaurant in Yinchuan, a city in China's northwest.

Azovstal is part of the Metinvest group, which is controlled by Ukraine's richest man, Rinat Akhmetov

The investment is estimated to be up to $5 billion, according to the statement.

Mull raising prices by Rs 1,500-2,000 a tonne for May to cover spike in input costs