About 150 mills have stopped operations, while another 50 have reduced output as local steel prices hover near five-year lows. Almost half of India’s steel output flows from smaller units
Published by Penguin India, 'Doctor Steel,' by J.J. Irani, will be released on 23 November on SoftCover, ThePrint’s online venue to launch non-fiction books.
If the two billion metric tons of crude steel produced globally every year were green steel, it would substantially cut emissions for all those industries dependent on steel.
A report by Indian Council for Research on International Economic Relations presents policy options for India to meet growing steel demand while adopting carbon-reducing practices.
Emissions from India’s steel industry are projected to more than triple to 837 million tons over the next 30 years as demand for the alloy more than quadruples.
In its letter, the Indian Steel Association talked about issues related to price of raw materials, shortage in global steel supply and lower capacity due to Covid.
India currently has 977 steel plants and is one of the few brights spots for demand globally as PM Modi's govt rolls out a plan to spend about $1.5 trillion to upgrade infrastructure.
Steel is responsible for about 7% of global emissions but even today the sector is mostly shielded from having to buy carbon pollution permits in Europe.
By consolidating 29 laws into four codes, compliance is streamlined and regulations are simplified, improving “ease of doing business”. This is bound to improve investor confidence.
Rural ownership of motor vehicles jumped from 19 percent in 2011-2012 to 59 percent in 2023-2024, while urban rose from 40 percent to 68 percent during the same time period, study by two members of PM-EAC says.
At the Jindal Literature Festival, Maj Gen (Retd) Lakhwinder Singh reveals secrets from 25 years ago, speaking about the decision that outwitted Musharraf and changed the course of the war.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
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