steel industry news
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...
Shyam Metalics Ventures into Steel Roofing with $70 Million Plant in West Bengal
Kolkata-based Shyam Metalics Limited (SML) has announced its entry into the steel roofing segment with the commencement of production from its recently commissioned cold...
Iron Ore Prices Drop as Chinese Imports and Steel Demand Weaken
Iron ore prices continued to decline in early March despite a drop in Chinese imports, reflecting weak demand in the world’s largest steel-producing...
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...
BSL Introduces Eco-Friendly Brick to Boost Steel Production
BSL had been making a pioneering move to overcome the procurement crisis of steel scrap! This green alternative acts as both a heat absorbent...
Karnataka Greenlights ₹138 Crore Steel Plant in Tumakuru
The Karnataka government has accorded in-principle approval for a new steel manufacturing plant to be established in the Sira Industrial Area of Tumakuru...
Rumors of 12% Steel Import Levy Cause Uncertainty in Indian Market
Reports in the Indian press are abuzz with speculation of a 12% temporary safeguard duty on steel imports to shield domestic producers from rampant...
AMNS India Faces Potential Output Cuts Amid Raw Material Import Restrictions
Indian government restrictions on the imports of key raw materials will force ArcelorMittal Nippon Steel Limited (AMNS) India to cut steel production and...
Jindal Steel Raises Bid to €4 Billion for Italian Steelmaker
Indian steel giant Jindal Steel has submitted a revised offer to buy Italy’s ailing steelmaker for about €4 billion. The bid comprises €1 billion...
India to Further Extend Ban on Met Coke Imports from June 2025
India is likely to extend restrictions on low-ash metallurgical coke (met coke) imports beyond June 2025, official sources said on Tuesday. These quantitative restrictions,...
