Indian steel exports show EU resurgence

19 Dec 2023 CW Team

Indian steel mills are strategically managing export offers, demonstrating a cautious approach in South-East Asia during December. However, amid this trend, positive signs emerge in the European Union (EU) market, indicating a potential upswing for the Indian steel industry.

While export offers to South-East Asia are being held back, possibly in response to market dynamics or strategic considerations, the EU presents a contrasting picture. The resurgence in demand from the EU is seen as a promising development, offering a silver lining for Indian steel exporters.

The decision to curb offers to South-East Asia suggests a nuanced and adaptive strategy by Indian steel manufacturers, responding to specific conditions in different global markets. This tactical maneuvering aims to optimise trade flows and capitalise on emerging opportunities, showcasing the resilience and adaptability of the Indian steel sector.

In the EU, the observed green shoots in demand for Indian steel hint at a potential growth trajectory. This positive development aligns with the industry's efforts to diversify and explore new markets. As the global economic landscape continues to evolve, Indian steel producers navigate these shifts with strategic decision-making, positioning themselves to thrive in markets displaying increased demand and stability.

Infrastructure Transport

07 Apr 2026

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..

Gujarat Pushes Biogas Growth With 193 Operational Units

Gujarat has operationalised 193 biogas plants across the state and is planning to add 60 more units as part of a broader push to scale up clean and sustainable energy solutions. The existing plants, established under various government-supported schemes, process organic waste including cattle dung and agricultural residue to produce biogas and a nutrient-rich slurry. The output is mainly used for cooking and other energy needs in rural and semi-urban communities, while also improving local waste management practices. The Gujarat Energy Development Agency (GEDA) is leading the initiative and is..