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India Emerges as Net Importer of Finished Steel Amid Shifting Trade Trends

India has turned into a net importer of finished steel since 2022–23, with imports overtaking exports despite higher crude steel output and fluctuating...

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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...

Market UpdatesNewsSteel DailyTrending News

India Mulls 20% Safeguard Duty to Counter Chinese Steel Dumping Amid US Tariff Surge

As the U.S. ramps up its trade war with China by slapping a massive 125% tariff on Chinese imports, India is now considering...

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India’s Finished Steel Imports Surge 16% in April-February – Exports Plunge 34%

India’s finished steel imports rose sharply by 15.8% to 8.98 million metric tons (mt) during the April-February period of the 2024-25 fiscal year,...

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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...

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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...