Indian Steel Industry
JSW Steel Becomes World’s Most Valuable Steelmaker with $30.3 Billion Market Cap
JSW Steel headed by Sajjan Jindal turns out to be the world’s most valuable steel manufacturer, surpassing global heavyweights like ArcelorMittal and Nucor...
MSME Steel Players Raise Concerns Over Proposed 12% Safeguard Duty
A grouping of MSMEs (Micro, Small and Medium Enterprises) in the steel industry is readying a move to push the government to withdraw the...
Government Receives 73 Applications for Specialty Steel PLI Scheme
The Indian government has got 73 applications under the second round of the Production Linked Incentive (PLI) scheme for specialty steel. According to the...
India’s Steel Imports Drop 40% in February Amid Safeguard Duty Concerns; Exports Plunge 60%
Imports of steel into India plunged 40% in February to 0.6 million tonnes the lowest level since April. This drop was 29% lower than January’s...
Rumors of 12% Steel Import Levy Cause Uncertainty in Indian Market
Reports in the Indian press are abuzz with speculation of a 12% temporary safeguard duty on steel imports to shield domestic producers from rampant...
MOIL Achieves Record February Manganese Ore Production, Slightly Below January
State-owned MOIL Limited in India produced 153,000 metric tons of manganese ore in February 2025, a 1.3% increase year on year. The firm noted it...
NMDC to Supply Iron Ore to RINL for Longer Term, Ensuring Operational Viability
Historically, Rashtriya Ispat Nigam Limited (RINL), a loss-making state-run steelmaker in India, has had a long-term agreement with NMDC Limited to purchase iron ore...
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...
Government Weighs Options to Shield MSMEs from Steel Price Surge Amid Safeguard Duty Talks
The Indian government is mulling to protect micro, small, and medium enterprises (MSMEs) from a possible increase in steel prices if safeguard duties...
GPIL: Net Profit Falls 37% in Q3 FY 2024-25
Godavari Power and Ispat Limited (GPIL), an Indian steel and pellet producer, reported a sharp fall in its consolidated net profit in the third...
