Global Steel Market
Trump’s 50% Steel Tariff May Not Hit India Directly, but Global Trade Sentiment at Risk
Former US President Donald Trump has announced a sharp hike in import tariffs on steel and aluminium, doubling them to 50% starting June...
India Targets 300 MT Steel Output by 2030 Amid Quality Push, Safeguard Duty
India will be towards 300 million tonnes (MT) of steel production by 2030, as compared to the current capacity of 200 MT, Steel...
India’s Steel Industry Unshaken by EU Import Curbs, Local Demand to Offset Impact
India may be harming the EU steelmakers, who need more fresh goods; The European Commission in September imposed high import taxes to protect local...
India Proposes 12% Safeguard Duty on Steel Imports to Protect Domestic Industry
The Indian industry was seeking safeguard measures given the surge in steel imports from countries, particularly from China and Vietnam. The provisional duty recommendation was...
Tata Steel CEO Calls for Government Action to Curb Rising Steel Imports
Tata Steel CEO T V Narendran has urged the government to take immediate action to control rising steel imports, which he says are...
Report: Safeguard Action on Steel Imports Likely to have Minimal Impact
Rising imports have prompted the Ministry to consider levying a safeguard duty on steel imports, but HDFC Securities in a recent report stated that...
Iron Ore Price Hovers Around $100 Per Ton, With Mixed Forecasts for 2025
Futures on China’s Dalian Commodity Exchange (DCE) recently began to climb, raising hopes for higher iron ore prices in early 2025. The DCE’s most-traded...
Steel Stocks Drop on Trump’s New Tariff Imposition on Imports
Shares of steel and aluminum declined on Monday as Trump put a new blanket tariff of 25% on all steel and aluminium imports....
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...
India Steel 2025: Government and Industry Leaders Discuss Key Preparations
The ‘India Steel 2025′ preparations picked up pace with the Secretary, Ministry of Steel, Sri Sandeep Poundrik, leading a critical stakeholders’ meeting to...
