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Govt May Double Safeguard Duty on Steel to 24% Amid China Dumping Fears

The government is mulling a doubling of the safeguard duty on steel imports from the existing 12% to up to 24%, aimed at...

NewsSteel DailyTrending News

India Plans Tax on Some Low-Cost Steel Imports from China

Temporary levy of 15%-25% on China-origin steel imports within 6 months scrapped Steel Minister H.D. Kumaraswamy said the move was aimed at protecting local manufacturers...

NewsSteel Daily

ArcelorMittal Registers 56% EBITDA Decline Following Pressure on Prices

ArcelorMittal/Nippon Steel India, the Indian arm of London-based steel behemoth ArcelorMittal, experienced a sliding-down scenario for its EBITDA to more than halve to...

NewsSteel Daily

India May Hike Import Duty on Finished Steel to Shield Domestic Producers

India is likely to increase steel import duties in a bid to improve domestic steel manufacturers. The Ministry of Steel in India has...

NewsSteel DailyTrending News

DGTR Initiates Probe on Steel Safeguard Duty; Shares of Metal Companies Rise

Shares of metal companies, particularly steelmakers, witnessed gains in early trade as the Directorate General of Trade and Remedies (DGTR) began its investigation...