Steel Daily
Steel Prices Surge in Chennai, Hyderabad, and Bellary Amid Market Volatility
On December 6, 2024, steel prices in South India saw a notable increase. Mills raised their offers for semi-finished and finished long products...
India’s Steel Imports from China Surge 35%, Pressuring Domestic Producers
India’s finished steel imports from China soared to a record 1.7 million metric tons in the first seven months of FY2024 (April-October), marking...
Southern Steel Markets Witness Stability with Minimal Price Adjustments
Steel markets in southern India, including Chennai, Hyderabad, and Bellary, experienced a day of mixed trends on 4 December 2024. While minor price...
MSME Engineering Exporters Concerned Over Proposed 25% Safeguard Duty on Steel Imports
MSME engineering exporters have expressed concerns over the government’s proposal to impose a 25% safeguard duty on steel imports, warning that it could...
Steel Market Faces Pressure in Chennai, Hyderabad, Bellary
The induction furnace (IF) steel market in Chennai, Hyderabad, and Bellary saw notable price corrections on December 2, 2024, as mills adjusted their...
Tamil Nadu Lorry Owners Warn of Indefinite Strike Over Online Fines
The State Lorry Owners Federation of Tamil Nadu (SLOFT) is considering an indefinite lorry strike starting January 2025, protesting the enforcement of online...
India Proposes 25% Safeguard Duty on Steel Imports Amid Rising Concerns
In a bid to address challenges faced by the domestic steel industry, the Ministry of Steel has proposed a 25% safeguard duty on...
Chinese Steel Flooding India Through FTA Loopholes: JSW Chairman Sajjan Jindal
Sajjan Jindal, Chairman of JSW Group, has raised alarms over the surging inflow of Chinese steel into India, largely facilitated through Free Trade...
Bajaj Steel Industries Begins Operations at New Nagpur Plant
Bajaj Steel Industries has commenced commercial production at its new state-of-the-art facility in Nagpur, Maharashtra. The plant, dedicated to the company’s infrastructure division,...
India Launches First Critical Mineral Auctions to Boost Domestic Mining
India has launched its first-ever auction of critical and strategic minerals, offering 20 blocks across seven states and Jammu & Kashmir. These blocks...
