Indian Steel Market
NMDC Raises Baila Lump Iron Ore Price; Second Revision in a Month
State-owned NMDC has increased the Baila Lump iron ore price by ₹50 to ₹5,600 per tonne, marking its second revision in a month...
India Imposes Five-Year Anti-Dumping Duty on Vietnamese Hot-Rolled Steel to Protect Domestic Market
India has imposed a five-year anti-dumping duty on Vietnamese hot-rolled steel after DGTR confirmed underpriced imports were harming local producers, ensuring stronger market...
Fabex Steel Structures Opens ₹120 Crore Manufacturing Unit Near Hyderabad, Targets ₹1,000 Crore Revenue
Fabex Steel Structures has inaugurated a ₹120 crore manufacturing facility at Chityal near Hyderabad. The 40-acre unit boosts annual capacity to one lakh...
Steel Ministry Tightens Scrutiny on ₹4,000-Cr Non-BIS Imports Amid Surge in Quality Violations
The Ministry of Steel has launched an extensive inquiry into a ₹4,000-crore trade in non-BIS-certified steel from Japan, South Korea, and China, given...
Steel Ministry Likely to Offer 15–20 Days Relief to Clear Non-BIS Compliant Imports
The country is most likely to grant a grace period of 15-20 days for clearing steel intermediates that do not comply with BIS...
India’s Steel Imports Drop 27.6% in April-May as China, Japan Shipments Decline
India’s finished steel imports saw a sharp 27.6% year-on-year fall in April-May FY25, as inbound shipments from key suppliers China and Japan declined...
Steel Industry Faces Turbulence After Sudden Quality Order Extension
India’s steel industry is headed for a storm after the Ministry of Steel suddenly extended the Quality Control Order (QCO) to extend into...
India’s Steel Imports Expected to Halve in FY26 After Safeguard Duty
India’s steel imports could fall by 50% in FY 2025-26 following the imposition of a 12% safeguard duty, said Steel Ministry Secretary Sandeep...
Jindal India Forays into Steel Pipes & Tubes Market with ₹100 Cr Investment
Jindal (India) Ltd, a major player in downstream steel and part of the BC Jindal Group, has ventured into the steel section pipes...
SML Reports 4% Increase in Stainless Steel Production for April
Shyam Metalics Limited (SML) reported a 4% year-on-year growth in its stainless steel production in April 2025 at 7,149 mt, the company said...
