With the worst in terms of pricing pressures behind Tata Steel, its outlook is expected to improve. Europe has seen hot rolled coil prices rise this January after the European Union's (EU's) carbon border adjustment mechanism (CBAM) kicked in and further price improvements may be on the cards once import quotas come into play in June.
The Ministry of Steel on Monday signed Memoranda of Understanding (MoUs) with 55 companies for 85 projects under the third round of the Production-Linked Incentive (PLI) scheme for specialty steel.
The imposition of safeguard duty, an uptick in exports, and an increase in input cost are driving steel prices higher. The latest round of price increase took place on Friday, with some steel mills increasing hot-rolled coil (HRC) prices by ~500-750 a tonne, according to price reporting and market intelligence firm BigMint. HRC is a benchmark for flat steel.
D Gukesh played out a draw with compatriot Aravindh Chithambaram, the result ending the reigning world champion's title hopes on a tough day for Indian players in the Tata Steel Masters 2026 in Wijk Aan Zee, The Netherlands, on Saturday.
World Champion D Gukesh drew his fourth game on the trot, signing peace with compatriot and defending champion R Praggnanandhaa while Arjun Erigaisi could not break the defence of Anish Giri and drew for the third day running in the Tata Steel Masters in Wijk Aan Zee, the Netherlands.
Nodirbek Abdusattorov of Uzbekistan clinched the Tata Steel Masters title with a black-piece victory against out-of-form Arjun Erigaisi while world chess champion D Gukesh emerged as the best Indian with a joint eighth finish as the tournament concluded Wijk Aan Zee on Monday.
Tata Steel Masters: Gukesh bounces back with a win against Fedoseev
World champion D Gukesh stayed in the hunt with a clinical endgame win in Round 10 of the Tata Steel Masters, while Arjun Erigaisi slipped to another defeat and slid down the standings at Wijk Aan Zee.
Tata Steel Masters: Gukesh slumps to another defeat against Giri
A 70-foot-long steel bridge weighing over 10 tonnes built on a canal more than four decades ago was stolen overnight in Chhattisgarh's Korba city, leaving local residents stunned, police said on Saturday.
World champion D Gukesh was himself to blame as he fell into a blindspot and made an unimaginable blunder to go down to Nodirbek Abdusatorov of Uzbekistan in a sixth round match of the Tata Steel chess
World champion D Gukesh resigned on his 37th turn against Germany's Matthias Bluebaum at Tata Steel Masters Chess.
D Gukesh ended his spate of draws by defeating Thai Dai Van Nguyen of Czech Republic but overnight joint leader Arjun Erigaisi was shocked in the fifth round of Tata Steel Masters chess tournament
Top seed Arjun Erigaisi could not get past the defenses of world champion D Gukesh as the two Indians agreed to a draw
Tata Steel's two Dutch subsidiaries are facing a 1.4 billion lawsuit in the Netherlands alleging health and property damage caused by emissions from the company's steelmaking operations, a charge which the Indian conglomerate labelled as "unsubstantiated and speculative". In an exchange filing, Tata Steel said that environmental group Stichting Frisse Wind.nu (SFW) has served a writ of summons on Tata Steel Nederland BV and Tata Steel IJmuiden BV on December 19.
R Praggnanandhaa lost his second game in as many days, going down to Nodirbek Abdusattorov of Uzbekistan at the Tata Steel Masters Chess.
Tata Steel Chess: Anand, Niemann in joint lead after three rounds of Rapid
JSW Steel Ltd (JSTL) has announced a restructuring that unlocks value from Bhushan Power & Steel Ltd (BPSL) and changes the balance-sheet. JSTL will do a slump sale of 50 per cent stake in BPSL to Japan's JFE Steel in two equal tranches, totalling Rs 15,700 crore in cash.
Unidentified individuals broke into a temple in Thane, Maharashtra, stealing a donation box containing approximately 10,000. Police are investigating the theft, reviewing CCTV footage and have registered a case against the unknown perpetrators.
The Armoured Corps Centre and School and Mechanised Infantry Centre and School traces its lineage back more than two centuries, evolving from early cavalry regiments into a modern force comprising 67 armoured regiments, including the President's Bodyguard. The centre showcased the operational capabilities of manoeuvre warfare platforms of the Indian Mechanised Forces during the Integrated Fire Power & Manoeuvre Exercise: 2026 held at the Kharjuna Khare Ranges in Ahilyanagar (formerly Ahmednagar), Maharashtra, on January 20, 2026.
Young Indian Grandmaster Nihal Sarin emerged champion at the Tata Steel Chess India tournament on Friday, clinching the Rapid title just a day after the passing of his maternal grandfather, who had introduced him to the sport.
The matter has now been escalated and the ministry has written to Customs, Bureau of Indian Standards (BIS) and the Directorate of Revenue Intelligence (DRI) to investigate it thoroughly.
D Gukesh ended his winless streak with a victory at the Prague International Chess Festival, while Aravindh Chithambaram finished joint second. Nodirbek Abdusattorov of Uzbekistan won the tournament.
Five-time world champion Viswanathan Anand recovered from an early setback to register two victories and emerge as joint leader with Nihal Sarin after six rounds of the Tata Steel Chess India Rapid, in Kolkata, on Thursday.
Indian stock market benchmark indices Sensex and Nifty experienced a significant drop in early trade due to rising crude oil prices, bearish global market trends, and continuous foreign fund outflows.
The Indian steel industry is faced with a paradox: Rising demand and falling prices. Demand continues to surge as user industries gather pace, with the World Steel Association projecting around 9 per cent annual growth for India over 2025 and 2026, the year domestic demand is projected to be almost 75 million tonnes (mt) higher than in 2020.
Indian equities on Dalal Street saw volatility. Track Sensex, Nifty50 movement and key market drivers for Feb 25, 2026.
Tata Steel on Wednesday reported a 272 per cent year-on-year (Y-o-Y) jump in consolidated net profit, attributable to owners, at Rs 3,101.75 crore in the second quarter of 2025-26 (Q2FY26) led by higher sales volumes in India and planned cost takeouts across geographies.
It combines ultra-slim bezels, a smooth 144 Hz refresh rate, an ergonomic adjustable build, and Triple Eye Protection with a Visual Optimiser for a more comfortable and immersive viewing experience.
World champion D Gukesh aims for a strong performance at the Prague International Chess festival after an early World Cup exit and underwhelming Tata Steel Masters showing.
Benchmark equity indices Sensex and Nifty tumbled in early trade on Wednesday, tracking a bearish trend in Asian markets, as the conflict in West Asia widened, driving oil prices higher.
India's eight core infrastructure sectors experienced a slowdown in production growth, reaching a two-month low of 4% in January. Crude oil and natural gas output declined, while refinery products remained flat. Overall growth for the April-January period was also lower compared to the previous fiscal year.
Indian equity investors experienced a significant loss of 16.32 lakh crore due to a two-day stock market decline fueled by escalating geopolitical tensions involving the US, Israel, and Iran.
The cuisine of Rajasthan is primarily vegetarian, is also known for its delicious meat dishes.
Indian Grandmaster Aravindh Chithambaram defeated Jorden van Foreest, while world champion D Gukesh drew against Vincent Keymer at the Prague International chess festival.
The Indian government has directed oil refineries to increase LPG production to ensure a stable supply of domestic cooking gas, amidst concerns over potential disruptions from the escalating Middle East conflict and its impact on imports.
Aravindh Chithambaram defeated D Gukesh at the Prague International Chess Festival, while Jorden van Foreest maintains his lead in the tournament.
World Champion D Gukesh lost to Nodirbek Abdusattorov at the Prague International Chess Festival after blundering from a strong position.
World Champion D Gukesh believes concerns about cheating in chess are overblown and distances himself from Vladimir Kramnik's accusations. He also looks ahead to the Candidates Tournament.
The sight of the Tricolour fluttering in the stands sharpens the resolve of the players. It feels as though the flag has been stitched out of the hopes and heartbeat of Indian fans.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances