Steel Imports
Steel Mills Cut Production as Imports Surge, Trade Deficit Widens
In a development that could put upward pressure on domestic steel prices, key Indian steel makers, barring Jindal Steel and Power Ltd (JSPL) have...
JSW Steel Hits Record High as Metal Stocks Surge Amid Strong Demand
Metal stocks are witnessing a strong rally on Dalal Street, with JSW Steel hitting an all-time high of ₹1,072 per share. The stock...
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...
India Weighs Safeguard Duty on Steel Imports Amid Industry Concerns
On 17 March, Darpan Jain, Director General, Directorate General of Trade Remedies (DGTR), said that India is continuing to examine a proposal to...
Government Receives 73 Applications for Specialty Steel PLI Scheme
The Indian government has got 73 applications under the second round of the Production Linked Incentive (PLI) scheme for specialty steel. According to the...
Tata Steel CEO Calls for Government Action to Curb Rising Steel Imports
Tata Steel CEO T V Narendran has urged the government to take immediate action to control rising steel imports, which he says are...
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...
Steel Stocks Surge: Five Key Drivers Behind the Market Rally
The sectoral leader at Friday’s session was the Nifty Metal Index, which ended sharply higher, riding the wind after the monetary policy announcement...
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...
AM/NS India to Make Car Makers Independent on Steel Imports
ArcelorMittal-Nippon Steel joint venture, AM/NS India, is planning to force carmakers to stop importing steel by March 2025. “We will commission a new...
