9,367.77 TRY BIST 100 BIST 100
4.79 CNY CNY CNY
34.56 USD USD USD
36.19 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
41.35 TRY Interest Interest
74.24 USD Fossil Oil Fossil Oil
30.90 USD Silver Silver
4.09 USD Copper Copper
100.80 USD Iron Ore Iron Ore
365.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,982.57 TRY Gold (gr) Gold (gr)

NMDC Steel will start production in the next financial year

It is scheduled that NMDC Steel to start steel production at the beginning of the next fiscal year ending March 31, 2024 (FY24).

NMDC Steel will start production in the next financial year

NMDC managing director Sumit Deb informed at a meeting that NMDC Steel is expected to start steel production at the beginning of the next fiscal year ending March 31, 2024 (FY24).

Deb said, "Our goal is to get to work by March 31. Our coke oven batteries are already out, so they're already producing ore. The blast furnace is ready, the central factory is about to be ready. That's why I think we are more or less ready to start operating at the beginning of the next financial year."

Deb said about NMDC Steel's iron ore supply: "There is still no dedicated iron ore mine in Nagarnar's plan. Therefore, at the moment it will supply entirely from NMDC.”

NMDC Steel started operating the first No. 1 coke oven battery in November. The steel company's shares were also traded on the Bombay and National Stock Exchanges (BSE and NSE) as part of the privatization of the unit.

The Nagarnar Steel Plant aims to produce 2.89 million tons of high-quality hot-rolled coils and sheets per year.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

South Korea's crude steel production decreased by 18.3% in October

Friday, November 22, 2024

SSAB and Saint-Gobain's slag reprocessing plant in Raahe progresses

Friday, November 22, 2024

US Steel Producer partners with Primetals Technologies for EAF Ultimate

Friday, November 22, 2024

Imported scrap prices on the decline, demand stagnant!

Friday, November 22, 2024

Roadmap for India’s steel sector: Demand, imports and future plans

Friday, November 22, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now