Global Steel Market
JSW Steel Sets New Record with 7.9 Million Tonnes Crude Steel Output in Q2 FY26
JSW Steel achieved record crude steel production of 7.9 million tonnes in Q2 FY26, driven by strong Indian operations and capacity expansion at...
India’s Demand Shields Steel Sector from China’s Export Flood, Says Tata Steel CEO
Tata Steel CEO T.V. Narendran says India’s strong demand shields domestic steelmakers from China’s cheap exports, while Kalinganagar expansion stays on track.
JSW Steel Shelves Plan to Import Coking Coal from Mongolia Over Logistics Hurdles
JSW Steel Limited has now put on hold the plan to import coking coal from Mongolia, citing extremely difficult logistics in transporting the...
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...
