Steel Industry India
JSW Steel to Invest ₹50,000 Cr in Green Steel to Tap European Market
JSW Steel is to invest ₹50,000–₹60,000 crore in brownfield expansion of its Salav plant in Raigad district of Maharashtra for green steel capacity...
India Mulls 20% Safeguard Duty to Counter Chinese Steel Dumping Amid US Tariff Surge
As the U.S. ramps up its trade war with China by slapping a massive 125% tariff on Chinese imports, India is now considering...
NMDC Steel Hits 2 Million MT Crude Steel Production in First Full Operational Year
State-run mining giant NMDC Limited owns NMDC Steel Limited, its wholly-owned subsidiary, and its crude steel production in the financial year 2024-25 crossed...
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...
