The global grain-oriented electrical steel market size is poised to reach $18.81 billion by 2030, led by the rising demand from the EV industry, according to a report by Fortune Business Insights
JSW Steel is partnering with Japan s JFE Steel Corporation to form a 50:50 joint venture, JSW JFE Electrical Steel Private Limited. The new company will invest Rs 5,500 crore ($734 million) to set up a plant in Bellary, Karnataka, producing grain-oriented electrical steel. Production is expected to start in FY27, with potential for capacity expansion to meet growing demand in India.
India s retail inflation fell to a three-month low of 5.10% in January, as prices of some food items rose at a slower pace, data showed on Monday.Industrial output rose at a faster-than-expected pace of 3.8% year-on-year in December, led by manufacturing, signalling strength in macroeconomic fundamentals.