India steel industry
Tata Steel Revives Neelachal Ispat, Plans 9.5 MTPA Expansion
Nearly two years since the acquisition of Neelachal Ispat Nigam Ltd (NINL), Tata Steel has managed a spectacular turnaround of the loss-making state-owned...
India’s Coal-Fired Steel Boom Threatens Global Green Targets
India’s coal-fuelled boom in steel production may be stalling global efforts to green one of the world’s most carbon-intensive sectors, a non-profit monitoring...
Tata Steel Targets ₹11,500 Crore Global Cost Cut in 18 Months
Tata Steel is launching a fresh cost-cutting drive aimed at saving ₹11,500 crore (approximately $1.3 billion) across its global operations within the next...
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...
AM/NS India Urges Immediate Safeguard Duty to Counter Chinese Steel Dumping Threat
ArcelorMittal Nippon Steel India (AM/NS India) has urged the central government to urgently implement a safeguard duty on select steel imports, warning of...
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...
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 Weighs Safeguard Duty on Steel Imports Amid Industry Concerns
On 17 March, Darpan Jain, Director General, Directorate General of Trade Remedies (DGTR), said that India is continuing to examine a proposal to...
China’s Steel Surge Pressures Indian Giants as Fitch Lowers Rating Headroom
India’s steel industry is feeling the heat as Fitch Ratings downgraded the rating headroom for JSW Steel and Tata Steel. The agency cited...
India’s Steel Industry Faces Mixed Prospects Amid U.S. Tariffs
The U.S. government’s move to slap a 25% tariff on steel imports has evoked mixed responses from India’s steel producers. While some manufacturers view...
