Steel Imports
GTRI Urges for Assessment of Steel Before Imposing Safeguards
The Global Trade Research Initiative (GTRI) has demanded that a complete review of the Indian steel industry be done to assess the impact...
Chennai United Metal Industries to Expand by ₹36 Crore
Chennai United Metal Industries is planning to enhance manufacturing capacity in Gummidipoondi, near Chennai, with an expansion plan of ₹36 crore and supply...
DGTR Initiates Probe on Steel Safeguard Duty; Shares of Metal Companies Rise
Shares of metal companies, particularly steelmakers, witnessed gains in early trade as the Directorate General of Trade and Remedies (DGTR) began its investigation...
Steel Safeguard Duty Under Review: MSMEs Raise Concerns on Rising Costs
The commerce ministry investigation arm DGTR (Directorate General of Trade Remedies) has called for an investigation to scrutinize the imports of steel into...
Auto Industry Appeals to Steel Ministry to Relax Import Bans As Production Threatened
Indian automobile industry has requested the Ministry of Steel to remove the restrictions on steel imports that might create a disturbance in vehicle...
Steel Imports Threaten Domestic Industry’s Growth, Says ICRA in FY25 Outlook
The country’s domestic steel sector will have a very tough year going ahead with capacity utilization likely to slide below 80% for the...
Steel Sector Outlook Positive: JPMorgan Sees Surge in Demand Post-Elections and Monsoon
Steel stocks were in the spotlight on December 11, following a positive outlook from global brokerage JPMorgan. The brokerage highlighted that although overall...
ISSDA Advocates for Separate Stainless Steel Policy to Boost India’s Industry
The Indian Stainless Steel Development Association (ISSDA) is calling for a dedicated policy to support India’s stainless steel sector. Currently, the industry is...
MSME Engineering Exporters Concerned Over Proposed 25% Safeguard Duty on Steel Imports
MSME engineering exporters have expressed concerns over the government’s proposal to impose a 25% safeguard duty on steel imports, warning that it could...
India Proposes 25% Safeguard Duty on Steel Imports Amid Rising Concerns
In a bid to address challenges faced by the domestic steel industry, the Ministry of Steel has proposed a 25% safeguard duty on...
