Indian Steel Industry
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...
Government Greenlights ₹10,300 Crore Equity Infusion for RINL, Ties Aid to Increased Output
The government has cleared an equity infusion of ₹10,300 crore as part of a concerted effort to revive Rashtriya Ispat Nigam Limited (RINL). The...
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....
Vizag Steel Plant Achieves Record Production Amid Financial Struggles
Though RINL, popularly known as the Visakhapatnam Steel Plant, is at its lowest level in terms of finances and yet continues to strive...
Union Budget 2025: Increase in PLI scheme for specialty steel
According to Finance Minister Nirmala Sitharaman on February 1, her eighth successive Union Budget allocated a sum of considerable measures to the production-linked...
Budget 2025: Jindal Stainless Seeks Import Duty Change to Safeguard Domestic Market
Ahead of the Union Budget 2025, Jindal Stainless has appealed to the government to revise import duties so that homegrown manufacturers do not...
Centre Mulls Review of Import Barriers as MSMEs Protest Steel Protectionist Measures
In a growing debate on the impact of import restrictions on various sectors, the Indian government may review the protective barriers that currently...
HD Kumaraswamy Vows to Protect Indian Steel Industry from Import Threats
Union Minister of Steel and Heavy Industries, H.D. Kumaraswamy, underlined that the government remains committed to protecting India’s steel industry from unfair trade...
