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First Vecchiato forging plant in India

First Vecchiato forging plant in India

Vecchiato commissioned India's first integrated open die forging plant for PTC Aerolloy. Featuring a 4,300-ton press and 16-ton manipulator, it achieves 110 strokes/minute with 1mm accuracy, reducing power by 40%. This boosts India's aerospace and defence sector.
MMRDA completes key Line 2B harbour crossing

MMRDA completes key Line 2B harbour crossing

MMRDA completed a critical 42-metre, 178-tonne steel span installation for Metro Line 2B's harbour crossing. Civil works are 92% complete, promising 75% reduced travel time and enhanced Mumbai connectivity.
Hyundai Steel narrows net loss in Q1 2026 despite cost pressures

Hyundai Steel narrows net loss in Q1 2026 despite cost pressures

Hyundai Steel narrowed its Q1 2026 net loss to KRW 39 billion from KRW 54 billion, with sales up 3.1% to KRW 5.74 trillion. Operating profit reached KRW 16 billion, reversing a loss, driven by improved sales volumes despite cost pressures.
Iran's economy has been battered. Its leaders still think Trump will blink first

Iran's economy has been battered. Its leaders still think Trump will blink first

Iran's economy is battered by strikes and blockades, crippling industries like steel and carpet-making. Over 1 million jobs are lost, with 10-12 million at risk. Prices for essentials like chicken (up 75%) are soaring, yet leaders bet on resilience.
India’s S5 SSBN Program Gains Momentum with Twin Submarine Plan and 190 MW Reactor for K-6 ICBM Capability

India’s S5 SSBN Program Gains Momentum with Twin Submarine Plan and 190 MW Reactor for K-6 ICBM Capability

India's S5 SSBN program accelerates with a twin submarine plan. The lead boat's steel cutting is set for late 2025, featuring a 190 MW reactor and K-6 ICBM capability for intercontinental deterrence, marking a significant strategic leap.
Iron Ore Falls as China Releases BHP Stockpiles

Iron Ore Falls as China Releases BHP Stockpiles

Iron ore futures dropped below CNY 780 per ton, hitting a more than one-week low. This fall occurred as Chinese steelmakers were cleared to trade BHP Group stockpiles accumulated at ports.
India turns net exporter of finished steel in 2025-26

India turns net exporter of finished steel in 2025-26

India became a net finished steel exporter in FY2025/26, shipping 6.6 million tons (up 35.9%) against 6.5 million tons imported (down 31.7%). Crude steel production rose 11.2% to 169.2 million tons, with consumption up 8%.
EU steelmakers set for rebound as Iran war hurts more exposed Asian peers

EU steelmakers set for rebound as Iran war hurts more exposed Asian peers

EU steelmakers anticipate a strong Q1 2026 rebound, driven by new trade measures and rising energy prices, boosting hot rolled coil prices by 20%. While Middle East conflict aids competitiveness, trimmed demand forecasts (1.3%) and high energy costs pose challenges.
Western Railway undertakes overnight blocks for Metro-Line 6 work, foot overbridges in Mumbai

Western Railway undertakes overnight blocks for Metro-Line 6 work, foot overbridges in Mumbai

Western Railway conducted overnight blocks for Metro Line-6 steel girder launch between Ram Mandir and Jogeshwari, and two foot overbridges at Dahisar. Two major blocks, one for 10 hours, caused diversions and temporary line closures for infrastructure upgrades.
Khanna SSP seeks fire control room.

Khanna SSP seeks fire control room.

Khanna SSP Darpan Ahluwalia urged DC for a fire control room and PPCB inspections due to a surge of blazes at showrooms, shops, water park, steel plants, and a grocery store, to save lives and property.

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