Page 6 of Steel industry

No proposal yet to review export duties on iron and steel products

On May 21, the government reduced import duty on certain raw materials for steel and imposed export duties on certain…

October 27, 2022 01:45 IST

Steel prices fall 40 pc in last six months to Rs 57,000/ton: SteelMint

In early 2022, the prices of hot rolled coil (HRC) started showing an upward trend.

Updated: October 20, 2022 13:04 IST

Even though the 30 per cent reduction of steel prices in India reflected the global trend of falling steel prices, the steps taken by the Finance Minister exhibited the Centre's willingness to safeguard the interests of MSMEs in the country, it said.

Don’t withdraw export duty on steel products: FOCIA

In a letter to the Minister, a copy of which was made available to the press, FOCIA thanked her for…

October 7, 2022 18:15 IST

Government sets up two advisory committees to iron out challenges in steel industry

Members of the steel industry, associations, academia, and senior retired government officials are members of the two separate committees formed…

Updated: October 5, 2022 13:07 IST

steel, steel industry, steel export, steel import

Scrap the export duty on steel

Coking coal prices, not steel exports, drove up domestic prices. That apart, India is bleeding market share in global steel…

September 23, 2022 04:45 IST

35 firms submit applications under PLI scheme for specialty Steel: Jyotiraditya Scindia

The minister shared the information while speaking at the ‘National Management Convention’ organised by the All India Management Association (AIMA)…

September 20, 2022 17:53 IST

Ministry wants 15% export duty on steel to stay till December

“In view of this, reduction in duty may be considered after stabilisation of the present volatile market condition, cooling of…

September 15, 2022 01:00 IST

Steel prices may remain under pressure

The price fall in the international market is mainly because of the subdued demand, particularly from China which accounted for…

September 3, 2022 02:05 IST

Steel prices, Steel prices in india, steel industry

Steel prices in India to remain under pressure over near future: Icra

The rating agency also expects the steel demand in the domestic market to grow at 7-8 per cent in the…

September 2, 2022 17:39 IST

Cut emissions by a third by 2030: Scindia to steel makers

Scindia said India has come a long way in the field of steel to become a net exporter of steel…

August 24, 2022 02:30 IST

Govt extends deadline to apply for steel PLI for sixth time

Coated products, high-strength steel, specialty rails, alloy steel products and electrical steel are the five broad target categories under the…

August 19, 2022 01:00 IST

Government extends deadline for PLI applications for specialty steel for fifth time

The government had last year approved a Rs 6,322-crore PLI scheme to boost the production of speciality steel in the…

August 18, 2022 15:33 IST

Steel players expect govt to withdraw export duty; to go ahead with capex plans

According to the steel ministry, the sector’s exports in FY22 increased by 25.1 per cent to 134.94 lakh metric tonnes…

August 7, 2022 13:12 IST

“Nothing under consideration as of now. However, the whole package will be reviewed at some point in time,” a senior official told FE.

No immediate review of export duties on iron and steel products

Steel exports, meanwhile, crashed to just 0.63 million tonne in June from 1.38 million tonne in May and 1.47 million…

August 5, 2022 04:00 IST

Steel exporters’ tax burden may decline

The lifting of the export duty on HRC would help the industry to regain its lost market in the international…

July 20, 2022 05:30 IST

Jindal Steel and Power rating: Reduce | Realisations give earnings a boost

Steel price correction likely to keep margins under pressure; ‘Reduce’ retained with target price of Rs 360.

July 19, 2022 00:10 IST

Tata Steel CEO and managing director TV Narendran said “it looks like prices have bottomed out”. ArcelorMittal-Nippon Steel India’s chief marketing officer Ranjan Dhar said the prices have hit the cost level of the mills and there is no headroom for it to go further down.

Steel prices have hit the bottom, says industry

Iron ore is an important raw material for steelmaking, requiring about 1.5-1.6 tonne of the raw material to produce every…

July 9, 2022 05:45 IST

Tata Steel Q1 deliveries fall close to 2.2% to 4.06 MT

Tata Steel Aashiyana’s (e-commerce platform for individual home builders) revenue grew 77% y-o-y to Rs 457 crore.

July 6, 2022 00:55 IST

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Morgan Stanley sees steel bull run after govt duty, Steel stocks in focus

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Morgan Stanley has turned bullish on Indian steelmakers after the government’s 3-year safeguard duty. The brokerage says Tata Steel, JSW, and SAIL could see up to 43% profit surge by FY27 as domestic prices rise.

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Page 6 of Steel industry

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