Steel Industry India
JSPL Acquires Allied Strips for $26 Million to Boost Value-Added Steel Capacity
To enhance its value-added steel portfolio, Jindal Steel and Power Limited (JSPL) has announced its acquisition of Allied Strips Limited (ASL) for $26 million....
India’s Finished Steel Imports Surge 16% in April-February – Exports Plunge 34%
India’s finished steel imports rose sharply by 15.8% to 8.98 million metric tons (mt) during the April-February period of the 2024-25 fiscal year,...
Jindal Stainless to Invest ₹40,000 Crore in Maharashtra for New Manufacturing Facility
Jindal Stainless Ltd (JSL) is to invest ₹40,000 crore to set up a modern stainless-steel plant in Maharashtra. The plant will be developed in...
India Proposes 12% Safeguard Duty on Steel Imports to Protect Domestic Industry
The Indian industry was seeking safeguard measures given the surge in steel imports from countries, particularly from China and Vietnam. The provisional duty recommendation was...
ArcelorMittal-Nippon to Invest ₹1.47 Lakh Crore in Andhra Pradesh Steel Plant
ArcelorMittal-Nippon Steel is to invest a whopping ₹1,47,162 crore in setting up a steel plant in Nakkapalli mandal of Anakapalli district, giving a big...
NHAI Tightens Quality Control for Reinforcement Steel in Infrastructure Projects
National Highways Authority of India (NHAI) has overhauled its quality control system for reinforcement steel used in government infrastructure projects. A recent policy circular...
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...
Baldota Group to Invest ₹54,000 Crore in Karnataka for Integrated Steel Plant
Karnataka-based Baldota Group announced a massive investment of ₹54,000 crores in setting up an integrated steel plant in Koppal. The company, functioning under...
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...
Tata Steel collaborates with NMDC and OMC to secure future iron ore supply
Tata Steel has begun negotiations with state-owned enterprises NMDC and Odisha Mining Corporation (OMC) to guarantee a consistent supply of iron ore for...
