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Investors could watch for a further potential correction in stocks from the steel sector /Representative Photo. (Image Source: Reuters)

Will the Union budget revive the struggling steel sector

The steel industry faces challenges from rising Southeast Asian imports and weak domestic growth, leading to an 8-9% drop in…

January 31, 2025 09:30 IST

manufacturing, services sector, output, private sector, new business intake, price trends, inflation, factory production, sales

Domestic steel demand to outpace other economies with 8-9% growth in 2025; safeguard duty may help steel price hike

In 2025, global steel demand is expected to inch up by 0.5-1.5 per cent on the back of easing financing…

January 8, 2025 12:55 IST

Over 300 new steel units including MSMEs set up in last 5 years: Govt

With 68 new steel units, Gujarat topped the tally for the highest number of units set up since 2017.

January 7, 2025 14:36 IST

Steel, Steel Industry, SAIL, Steel Ministry

Steel firms may ward off import threat with higher tariffs; Minister says will ask finance ministry to raise duties to 10-12%

Domestic teel prices have fallen to their lowest levels in over three years, largely due to shifts in the global…

September 5, 2024 01:45 IST

energy costs, base metal industry, margins, key headwinds, global demand, profitability, International prices, coal cost, economic slowdown, price movement, ICRA

India’s steel imports to remain elevated at ~5.5% of demand this fiscal, says CRISIL MI&A report

Global steel demand, which has been subdued since the onset of the Russia-Ukraine conflict, is expected to grow 1.6 per…

December 20, 2023 13:06 IST

Steel imports’ scrutiny norms tweaked

In a notification,the DGFT said importers of steel and products need to register with the Steel Import Monitoring System within…

Updated: July 8, 2022 10:02 IST

Steel exports had reached a record high of 18.3 MT last fiscal. However, it will continue to see momentum because…

June 20, 2022 15:58 IST

"With the signing of this CEPA agreement, there will be further cooperation and collaboration between steel manufacturers of both countries and this will be a win-win (situation) for both," he said.

Reprocessing scrap will boost India’s steel production: Union Minister Ram Chandra Prasad Singh

Speaking to PTI here, Singh said as part of the India-UAE Comprehensive Economic Partnership Agreement (CEPA) it will be easier…

March 12, 2022 17:42 IST

Ukraine war big chance for Indian steel companies to sell more to Europe, MENA nations: VR Sharma, MD, JSPL

Russia exports around 20 million tonne of steel per annum and Ukraine too has a similar level of exports. That…

March 4, 2022 01:00 IST

STEEL MIP on steel products: PMO to discuss with ministries

A final decision on the issue of extension of minimum import price (MIP) on 173 steel products will be taken…

June 9, 2016 22:35 IST

China, Steel Industry, Chinese influence on India, Chinese slowdown

Steel imports falls for 2nd month in May this fiscal

Steel imports fell for the second month in May this fiscal declining by 41 per cent to 0.546 million tonnes…

June 6, 2016 21:26 IST

Steel imports rise by 26 per cent to 12 mn tonnes in FY’16

Steel imports increased by 25.6 per cent to 11.71 million tonnes in the last fiscal compared to 9.32 million tonnes…

April 25, 2016 19:02 IST

Breather for steel companies as safeguard duty proposed

Provisional 20% safeguard duty for 200 days on common variety of hot-rolled coil

September 10, 2015 00:13 IST

Govt to decide on further hike in steel import duty within a week: Anant Geete

Last week, the government raised import duty to 10 percent from 7.5 percent on flat steel and to 7.5 percent…

June 26, 2015 15:11 IST

Govt mulls anti-dumping duty on China steel imports

The government is considering imposing anti-dumping duty on steel imports from China…

Updated: April 3, 2015 00:59 IST

Govt must step in to save steel industry from cheap Chinese imports

n the last few years, China has consistently added capacities in almost all steel categories in anticipation of demand growth.

November 18, 2014 02:42 IST

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