Indian Steel Market
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...
Tata Steel Q4 Profit Likely to Jump 34.6% YoY to ₹1,060 Cr: PL Capital
Tata Steel is likely to log a 34.6% year-on-year increase in consolidated net profit during the fourth quarter of FY25 at ₹1,060 crore,...
Specialty Steel PLI Scheme Attracts Rs 25,200 Crore Investment by 35 Companies
India’s push to promote domestic manufacturing is picking up speed, with 35 companies pledging a whopping Rs 25,200 crore to drive the specialty...
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...
Shyam Metalics Ventures into Steel Roofing with $70 Million Plant in West Bengal
Kolkata-based Shyam Metalics Limited (SML) has announced its entry into the steel roofing segment with the commencement of production from its recently commissioned cold...
