Super Smelters to Invest ₹10,000 Cr in Gadchiroli Steel Plant

SteelBazaar News•February 07, 2026•2 min read

The plant will generate approximately 4,000 direct and indirect jobs, providing a significant economic boost to the tribal-dominated area. Strategically located near the Surjagarh iron ore mines and the proposed Dhanora coal block, the facility will benefit from reduced logistics costs and enhanced supply chain efficiency.

The proposed unit aligns with India’s broader push for self-reliance in steel production and is expected to spur infrastructure and socio-economic development in the region. Super Smelters has already secured around 1,200 acres of land in Konsari village and is awaiting final environmental and forest clearances to begin construction.This move marks a major step in decentralizing steel manufacturing beyond traditional hubs, positioning Gadchiroli as a potential industrial hotspot in eastern Maharashtra.

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UK and US reach a supply chain agreement on critical minerals

UK and US reach a supply chain agreement on critical minerals

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UK and US reach a supply chain agreement on critical minerals

Super Smelters to Invest ₹10,000 Cr in Gadchiroli Steel Plant

Super Smelters Ltd, a prominent player in India’s steel industry, is setting up a 2 million tonne per annum (MTPA) integrated steel plant in Gadchiroli, Maharashtra. With a planned investment of ₹10,000 crore, the project will capitalize on the region’s rich coal and iron ore resources, aiming to transform the industrial landscape of the district. The plant will generate approximately 4,000 direct and indirect jobs, providing a significant economic boost to the tribal-dominated area. Strategically located near the Surjagarh iron ore mines and the proposed Dhanora coal block, the facility will benefit from reduced logistics costs and enhanced supply chain efficiency. The proposed unit aligns with India’s broader push for self-reliance in steel production and is expected to spur infrastructure and socio-economic development in the region. Super Smelters has already secured around 1,200 acres of land in Konsari village and is awaiting final environmental and forest clearances to begin con

Super Smelters to Invest ₹10,000 Cr in Gadchiroli Steel Plant

Tata Steel Q3 Profit Jumps Eightfold, Beats Market Estimates

Tata Steel reported a sharp turnaround in its December quarter performance, with consolidated profit after tax surging nearly eightfold compared to the previous quarter, significantly beating market expectations. The strong results were driven by improved operating margins, lower raw material costs, and steady domestic steel demand. The company posted a robust sequential recovery despite global steel market challenges, supported by better performance from its India operations. Reduced coking coal costs, operational efficiencies, and stable steel realizations helped strengthen profitability. Tata Steel’s European operations also showed signs of stabilization, aided by cost-control measures and improved spreads.Revenue for the quarter saw a marginal decline year-on-year due to softer global prices, but improved EBITDA margins helped offset pricing pressure. The company continued to focus on deleveraging, with net debt levels remaining under control. Industry analysts view the results as

Tata Steel Q3 Profit Jumps Eightfold, Beats Market Estimates

Tata Steel posts strong profitability in third quarter

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Tata Steel posts strong profitability in third quarter

Comprehensive trade and investment agreement signed between South Africa and China

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Comprehensive trade and investment agreement signed between South Africa and China

Godawari Power to Sell Entire Stake in Ardent Steel

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Godawari Power to Sell Entire Stake in Ardent Steel

AM/NS India becomes first integrated producer in India to receive green steel certification

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AM/NS India becomes first integrated producer in India to receive green steel certification

Türkiye became the largest importer of iron and steel from Egypt in 2025

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Türkiye became the largest importer of iron and steel from Egypt in 2025

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TÜDÖKSAD: Escalating costs and financing pressure have pushed Türkiye’s casting industry to a critical point

Canada launches anti-dumping investigation into OCTG pipes from Austria

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Canada launches anti-dumping investigation into OCTG pipes from Austria

AMNS India Becomes First to Earn Government-Backed Green Steel Certification

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AMNS India Becomes First to Earn Government-Backed Green Steel Certification

China's retail steel stocks build faster as CNY looms

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China's retail steel stocks build faster as CNY looms

Mitsubishi Chemical Group to halt coke production for the steel sector

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Mitsubishi Chemical Group to halt coke production for the steel sector

Nippon Steel increases loss forecast to 70 billion yen due to fire and global price pressure

The company stated that these developments directly affected its ongoing fiscal year performance. The company reported that the losses caused an approximate 40 billion yen decrease in net profit and increased its previously announced loss forecast from 60 billion yen to 70 billion yen. Nippon Steel also stated that, due to the weak financial performance of United States Steel Corp., the expected earnings contribution from this company has been calculated as zero. Senior managing director Takahiko Iwai emphasized that steel prices in the United States have increased, but adverse weather conditions disrupted component supply. Regarding the company acquired last year, Iwai stated that uncertainties persist. The company had reported a net profit of 362 billion yen in the same period of the previous year, while recording a net loss of 45 billion yen from April to December 2025. Officials stated that a significant portion of the loss resulted from restructuring expenses incurred after termin

Nippon Steel increases loss forecast to 70 billion yen due to fire and global price pressure

ArcelorMittal Projects 2% Rise in Global Steel Shipments for 2026

ArcelorMittal, one of the world’s largest steel producers, expects a 2% year-on-year increase in steel shipments for 2026, signaling a steady rebound in global demand. The company reported a total shipment of 55.6 million tonnes in 2025 and projects modest growth amid improving market conditions.Despite challenges such as lower steel prices and weak demand in certain regions, ArcelorMittal is optimistic about future trends. The company remains focused on operational efficiency, decarbonization initiatives, and expanding capacity in strategic markets, including India and Brazil. CEO Lakshmi Mittal highlighted the company's long-term commitment to sustainability and innovation. ArcelorMittal also emphasized its investments in green steel technology and carbon reduction as core components of its growth strategy. As infrastructure development picks up pace globally and construction activity rebounds, the projected 2% increase points to a positive shift in the steel industry. The outlook re

ArcelorMittal Projects 2% Rise in Global Steel Shipments for 2026

European Parliament to push for ban on Russian steel – Politico

Posted on 06 Feb 2026 The European Parliament’s attempt to add a ban on Russian steel to the EU’s new protective measures will complicate negotiations between European institutions, according to Politico . By supplementing the proposal to revise protective measures in January this year, MEPs hope to stop Russian steel exports, while some previous attempts at sanctions have failed – such a move would require the unanimous support of the 27 member states. Sanctions against Russia have blocked the import of most steel products into the EU, especially the most basic ones. However, the supply of semi-finished products is still allowed into the bloc, as Belgium, the Czech Republic, and Italy have asked to keep them available for companies that, according to their arguments, have no alternative sources. Russia’s largest steel producer, NLMK, has sheet steel production assets in Belgium, Denmark, and Italy. Until recently, the Evraz conglomerate owned the Czech company Vitkovice Steel, but in

European Parliament to push for ban on Russian steel – Politico

Tata Steel, BEML, MRF Among Key Stocks Revealing Q3 Results Today

A host of major Indian companies, including Tata Steel, BEML, and MRF, are set to announce their Q3 FY2025-26 earnings today. Investors and market watchers are keenly eyeing these results for insights into sectoral performance, margin pressures, and forward guidance. Tata Steel’s results are of particular interest amid volatile commodity prices and evolving demand across domestic and international markets. Analysts anticipate moderate performance due to input cost fluctuations and subdued global steel demand. BEML’s quarterly update will reflect on infrastructure and defense sector spending, while MRF’s numbers are expected to offer a snapshot of post-festive automotive trends and raw material impact. Other stocks announcing results today include Ashok Leyland, Eicher Motors, and Graphite India, among others. The cumulative outcome of these results could influence broader market sentiment and sector rotations, particularly in manufacturing, auto, and core industries. With earnings seas

Tata Steel, BEML, MRF Among Key Stocks Revealing Q3 Results Today

Odisha Fast-Tracks AMNS Steel Plant in Kendrapara

The Odisha government is expediting the establishment of the proposed AMNS India steel plant in Kendrapara, signaling a major boost for the state's industrial and economic growth. State Food Supplies and Consumer Welfare Minister Atanu Sabyasachi Nayak confirmed that all clearances are being prioritized to ensure the timely execution of the project. The plant, backed by ArcelorMittal Nippon Steel (AMNS), is expected to generate significant employment opportunities and enhance the state's manufacturing ecosystem. With a planned capacity of 24 million tonnes per annum (MTPA), it stands to become one of India’s largest integrated steel facilities. The project includes an associated captive port, creating added momentum for logistics and export potential. Officials emphasized that the government is committed to facilitating smooth land acquisition and infrastructure support. The project aligns with Odisha’s long-term vision of becoming a global steel production hub, leveraging its rich min

Odisha Fast-Tracks AMNS Steel Plant in Kendrapara

Nippon Steel Plans $3.2 Billion Convertible Bond Sale

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Nippon Steel Plans $3.2 Billion Convertible Bond Sale

India–Canada Eye Steel Growth Through Stronger Partnership

India and Canada have initiated high-level discussions to strengthen bilateral cooperation in the steel sector, focusing on sustainable development, technology exchange, and raw material security. The meeting, held between senior officials and industry representatives, aims to create a framework for mutual growth and investment opportunities across both nations. With global steel dynamics shifting, the dialogue emphasized shared interests in green steel production, innovation, and resilient supply chains. Canada, with its resource-rich mining sector, and India, as a leading steel producer, are exploring avenues to complement each other’s strengths. The discussions also addressed trade facilitation, regulatory alignment, and knowledge sharing for next-generation steelmaking technologies. Officials highlighted the need for a strategic alliance to support both domestic goals and global climate commitments. The collaboration could open doors for joint ventures, skill development programs,

India–Canada Eye Steel Growth Through Stronger Partnership

SteelBazaar News

05 February 2026

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