Steel

Steel News

Centre receives multiple EoIs for NMDC Steel stake

The last date for submission of EoIs for NSL by interested bidders, who must have a net worth of Rs…

January 28, 2023 01:40 IST

Withdrawal of export duties, China opening up beneficial for steel sector: Seshagiri Rao

JSW Steel has put its plans to sell its business in Italy, including that of Aferpi SpA, on hold.

January 23, 2023 03:00 IST

JSW Energy Q3 profit falls 41.79% to Rs 186.74 crore

During the quarter under review, the company’s consolidated total income rose 18.41% to Rs 2,349.73 crore from Rs 1,984.34 crore…

January 21, 2023 03:15 IST

JSW Steel net falls 89.50%, below Street estimates

During the reporting quarter, the company’s revenue from operations rose 2.79% to Rs 39,134 crore from Rs 38,071 crore recorded…

January 21, 2023 02:30 IST

41% higher payment made by steel CPSEs to MSMEs during April-Nov 2022 from year-ago period: Govt

Credit and finance for MSMEs: According to the steel ministry, nearly 100 per cent payment from April-November in FY23 was…

December 26, 2022 19:24 IST

Shyam Metalics plans to invest Rs 7,500 crore

With a diversification approach, the company is planning to invest around Rs 7,500 crore over the next five years for…

Updated: December 21, 2022 07:47 IST

Piyush Goyal urges large steel players to support MSME manufacturers, exporters

Ease of doing business for MSMEs: The minister added that the government is working with other countries to explore more…

November 22, 2022 19:49 IST

Removal of export duty to help steel makers pull up profits, say experts

The relief comes on the back of domestic steel prices correcting by 15-20 per cent since these duties were imposed,…

Updated: November 22, 2022 14:15 IST

Scrapping of export taxes to aid steel industry’s growth: Scindia

After so many years, Indian steel industry has been able to enlarge its footprint globally and therefore it was “our…

November 22, 2022 03:30 IST

Steel prices should remain stable, hope govt thinks about removing export duty: Sajjan Jindal

Jindal expressed hope that the government would think about removing the export duty as steel prices globally have come down.

Updated: November 3, 2022 08:01 IST

Govt extends enforcement date of quality control order for ferrosilicon, ferronickel grades till January 23

According to an expert, ferrosilicon is imported from countries like Bhutan, South Africa etc to make CRGO (cold rolled grain…

Updated: November 2, 2022 15:18 IST

Exports necessary for steel players expanding capacities: AMNS India CEO

In line with the government’s 300 MT steel making capacity target, other steel players like Tata Steel, JSW Steel, SAIL…

October 30, 2022 14:17 IST

JSW Steel ties up $182 m financing from Italian banks

JSW Steel USA’s plate mill facility in Texas is undergoing a major upgrade, which requires a total investment of $260…

October 28, 2022 00:05 IST

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

India steel output up 2.5 pc at 30 MT in Jul-Sep: Report

The domestic consumption was 11.33 per cent higher at 27.52 MT, as against 24.72 MT in July-September 2021.

October 9, 2022 12:22 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

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

Government actively studying duties levied on steel exports

On May 21, the government hiked the duty on exports of iron ore by up to 50 per cent and…

September 20, 2022 17:26 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

Loading…

Something went wrong. Please refresh the page and/or try again.