U.S. steel mills' weekly capacity utilization rate increased to 76.9%

South 32 Manganese Mine Operation in the First Half of FY2021

Australian Strategic Materials Corporation successfully produced rare earth permanent magnets

Higher steel prices, lower coking coal prices and manageable iron ore prices have led to improved margins for steel companies, the analyst said.

Kalinganagar can grow to about 15 – 16 million, Angul to 10 million and Jamshedpur to 14 million, Narendran added.

The move is aimed at ensuring cost reduction in highways construction using steel.

In December 2020, U.S. steel mills shipped 7,049,785 net tons, a 4.4 percent increase from the 6,753,447 net tons shipped in the previous month.

Tata Steel, an Indian steel producer, plans to double the steel capacity of its existing plants in Orissa and Jarkand to 40 million tons a year, the Economic Times reported.