In her Budget Speech on Monday, Finance Minister Nirmala Sitharaman announced reducing the duty to 7.5 per cent on products like primary/semi-finished products of non-alloy steel, long products of non-alloy, stainless and all
Even as analysts are upbeat over the expected above normal monsoon and higher GDP growth, they have raised concerns over the slow pace of public and private sector projects and funding constraints, which they feel can have an
Imposed in early February to rein in rising imports, the minimum import price (MIP) on steel will remain valid for the entire scheduled six-month term as domestic industry’s present overall situation, though improved, does
The precarious scenario on the loan repayment ability of steel producers has prompted the government to introduce a series of supporting measures in favour of the industry, like customs duty enhancement and imposition of safe
One unique feature of this year’s Budget is that while it does not have a major direct impact on any particular industrial segment, almost all industry players are indirectly influenced by budgetary announcements.
Metal stocks in India: Tata Steel and SAIL shares were trading in green on Monday after the government imposed a minimum import price (MIP) on 173 steel products ranging between $341 to $752 per tonne.
Leading NRI billionaire Lakshmi N Mittal's ArcelorMittal has decided to mothball one of its plant in Spain, citing "extremely adverse" market conditions that have hit the European steel industry, a week after Tata steel annou