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India exports 13.5 mt finished steel worth Rs 1 lakh cr in FY22

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India’s finished steel exports were at 10.78 mt in 2020-21

Minister of Steel Faggan Singh Kulaste told the media that India exported 13.5 million tonnes (mt) of finished steel worth Rs 1 lakh crore in the last fiscal year.India’s finished steel exports were at 10.78 million tonnes in 2020-21, as per the official data.During FY22, India exported 13.5 mt finished steel valuing Rs 1 lakh crore and imported steel of about Rs 46,000 crore, Kulaste said at Steel and Engineering Exports organised by Metalogic PMS.The number of merchandise exports from India was $420 billion.In FY22, India’s steel consumption was at an all-time high of about 106 mt, while the nation produced a record 120 mt of crude steel, Kulaste said.The sector is increasing at a compound annual growth rate (CAGR) of about 5% to 6% on a year-on-year basis.The minister said that notwithstanding the challenges arising out of Covid-19, the steel sector in terms of external trade, production, and consumption registered a record performance. We have the potential to do better in the steel industry across all regions. The engineering sector is closely related to the manufacturing and infrastructure sectors, and manufacturing and infrastructure sectors are of strategic significance to India’s economy, and the steel sector is closely related to this sector.

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WCA Welcomes SiloConnect as associate corporate member

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The World Cement Association (WCA) has announced SiloConnect as its newest associate corporate member, expanding its network of technology providers supporting digitalisation in the cement industry. SiloConnect offers smart sensor technology that provides real-time visibility of cement inventory levels at customer silos, enabling producers to monitor stock remotely and plan deliveries more efficiently. The solution helps companies move from reactive to proactive logistics, improving delivery planning, operational efficiency and safety by reducing manual inspections. The technology is already used by major cement producers such as Holcim, Cemex and Heidelberg Materials and is deployed across more than 30 countries worldwide.

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TotalEnergies and Holcim Launch Floating Solar Plant in Belgium

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TotalEnergies and Holcim have commissioned a floating solar power plant in Obourg, Belgium, built on a rehabilitated former chalk quarry that has been converted into a lake. The project has a generation capacity of 31 MW and produces around 30 GWh of renewable electricity annually, which will be used to power Holcimโ€™s nearby industrial operations. The project is currently the largest floating solar installation in Europe dedicated entirely to industrial self-consumption. To ensure minimal impact on the surrounding landscape, more than 700 metres of horizontal directional drilling were used to connect the solar installation to the electrical substation. The project reflects ongoing collaboration between the two companies to support industrial decarbonisation through renewable energy solutions and innovative infrastructure development.

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Cortecยฎ Corporation applauded for its strong safety performance

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Cortecยฎ Corporation has been recognised for its strong safety performance, receiving its sixth Governorโ€™s Workplace Safety Award for its outstanding performance in 2025. As a Silver Achievement recipient, the company continues to maintain safety metrics well above national industry averages, an impressive accomplishment for a chemical manufacturing organisation. This achievement reflects Cortecโ€™s proactive approach to workplace safety, focused on early hazard detection and employee involvement. The company will be formally recognised at the Minnesota Safety and Health Conference in May, highlighting how industrial companies are effectively strengthening workplace safety standards.

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