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Economic Survey Flags Global Price Pressures, Raw Material Risks for India’s Steel Sector
India’s steel sector continues to show strong growth momentum driven by domestic demand, but faces mounting challenges from global price pressures and raw...
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India Imposes Three-Year Safeguard Duty on Steel Imports to Curb Cheap Inflows
India has imposed a three-year safeguard duty of up to 12 percent on select steel imports to protect domestic manufacturers from a surge...
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Govt Eases Steel Supply Rules, Waives BIS Certification for 202 Foreign Licences
In a move to ease raw material bottlenecks for domestic steelmakers, the steel ministry has exempted 202 foreign steel licences from mandatory Bureau...
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Steel Mills Cut Production as Imports Surge, Trade Deficit Widens
In a development that could put upward pressure on domestic steel prices, key Indian steel makers, barring Jindal Steel and Power Ltd (JSPL) have...
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Leverage for Primary Steel Firms to Hit Five-Year High Amid Expansion: CRISIL
The net leverage of domestic primary steelmakers is expected to rise to a five-year high of over 3x this fiscal, driven by aggressive...
