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Steel & Iron Products · Micro cap

Rathi Steel skips the furnace in a hot-charging trial at Ghaziabad

Billets went straight from the caster to the TMT mill, cutting a fuel-heavy step. The company has previously estimated this saves ₹3,000-4,000 per ton.

1 earlier story on Rathi Steel & Power Ltd.
Mkt cap₹165 cr
P/E12.80×
ROE10.18%
Debt / eq.0.29
₹3,000-4,000 / ton Estimated per-ton savings from direct charging, per prior company guidance.

What's new

  • Rathi completed a hot-charging trial, sending billets directly from the continuous caster to its TMT bar mill.
  • The trial successfully produced high-strength, seismic-resistant Fe 550D grade rebars.
  • The process cuts fuel consumption and scale loss, which the company says lowers production costs and carbon emissions.

Why this matters

The trial eliminates a costly reheating step. For a nano-cap steelmaker, the prior guidance of ₹3,000-4,000 per ton in savings is a material margin lever. The proof of concept is now established at its plant.

What we're watching

  • Whether hot charging moves from a successful trial to standard, continuous operation.
  • The actual, verified cost savings per ton once running at scale.
  • Any customer orders secured for the Fe 550D rebars produced this way.

The full read

Rathi Steel has moved billets straight from the continuous caster to its TMT mill in a hot-charging trial at Ghaziabad. The process eliminates a reheating step, cutting fuel use and scale loss. The trial produced Fe 550D grade rebars, a high-strength product used in seismic-resistant construction. The company has previously cited direct-charging savings of ₹3,000-4,000 per ton. That figure matters. For a nano-cap steelmaker, it represents a direct hit to the cost base. The trial proves the technology works at Rathi's plant. The open question is whether it can be sustained continuously, and what the real, per-ton savings will be once the process runs at scale. Not yet. Hardly a done deal. But the first box is ticked.

Questions answered

What is hot charging, and why does it save money?
Hot charging moves billets from the casting machine to the rolling mill while still hot. It skips the reheating furnace, which cuts fuel consumption and reduces metal lost as scale.
What product came out of the trial?
The trial produced Fe 550D grade TMT rebars, a high-strength product with seismic resistance used in infrastructure projects.
How much could this save Rathi per ton?
The company has previously cited direct-charging savings of ₹3,000-4,000 per ton. This filing does not report the actual savings from this specific trial.
Is this now the permanent process at the Ghaziabad plant?
The filing describes a completed trial run. Rathi has not stated whether hot charging will become the standard operating method.
Mentioned: Ghaziabad TMT bar mill · Fe 550D grade rebars · ₹3,000-4,000 per ton
Primary source BSE · NSE

An independent reading of the company's own disclosure — the primary filing above is the final word.

  1. 6 Jun 2026 · 6:15 PM IST Rathi Steel skips the furnace in a hot-charging trial at Ghaziabad
  2. 3d ago Rathi Steel's melting shop is running at half capacity, not the 80% it promised.