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Auto Sector Braces for Profit Squeeze as 12% Steel Duty Kicks In

India’s move to impose a 12% safeguard duty on select steel imports is set to dent the auto sector’s profitability in FY26, with...

Market UpdatesMSMENewsTrending News

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...

NewsSteel DailyTrending News

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...

Market UpdatesNewsSteel DailyTrending News

Trump’s Steel Tariffs Intensify India’s Case for Safeguard Duties

An announcement on the safeguard duty, which has been anticipated by the Indian steel industry, was widely expected in the first two weeks of...

NewsSteel Daily

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...

MSMENewsSteel DailyTrending News

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...