Indian Steel Industry
Govt May Double Safeguard Duty on Steel to 24% Amid China Dumping Fears
The government is mulling a doubling of the safeguard duty on steel imports from the existing 12% to up to 24%, aimed at...
Welspun Corp Q4 Profit Rises 160%, Amid Revenue Decline
Welspun Corp, the largest Indian producer of specialty steel pipes and tubes, has reported a steep 160% increase in consolidated net profit in...
Centre Tightens Steel Procurement Norms with New ‘Melt and Pour’ Rule for Government Projects
In a firm thrust towards developing indigenous manufacturing and cutting back on the reliance on imported components, the Central government has issued a...
Tata Steel Expands Kalinganagar Plant to 8 MT, Crosses 26 MT Capacity in India
Tata Steel has commissioned its ₹27,000 crore Phase-II expansion project at its Kalinganagar plant in Odisha, increasing its overall steelmaking capacity in India...
NCLT to JSW Steel, Lenders: Present Concrete Plan to Reverse Bhushan Power Takeover by May 26
In a big move, the National Company Law Tribunal (NCLT) directed JSW Steel and its lenders to submit a clear roadmap on May...
Jindal Stainless Eyes 30% Jump in Exports for FY25 Amid Favorable Tariff Landscape
Jindal Stainless Limited (JSL), a top Indian stainless steel manufacturer, is eyeing a 30% export growth for the fiscal year 2024-25 to export...
Ministry of Steel Unveils Revamped Website to Boost Transparency and Accessibility
The Ministry of Steel has introduced its revamped official website to raise transparency, accessibility, and efficiency of operations. The new website is characterized...
NSL Sets Multiple Production Records in a Day, Reinforces Role in India’s Steel Push
NMDC Steel Limited (NSL), India’s youngest and most advanced steel plant, set a new benchmark on April 26 by breaking multiple production records...
Jindal (India) Ltd Launches Al-Zn Coated Steel Coils for Solar Sector, Plans Major Expansion
B.C. Jindal Group’s downstream steel products major Jindal (India) Ltd has entered the renewable energy market with the launch of its aluminium-zinc (Al-Zn)...
India Slaps 12% Safeguard Duty on Steel Imports Amid Surge, Industry Concerns
In a move aimed at curbing a surge in steel imports that threaten domestic producers, the Indian government has imposed a 12% safeguard...
