steel industry news
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,...
Steel Companies Poised for Higher Earnings in Q4: Prabhudas Lilladher
The improving trends in the coking coal global trade market, as well as sector-wise steady demand, will shoot up per-tonne earnings for Indian...
Trump’s Steel Tariffs Intensify India’s Case for Safeguard Duties
An announcement on the safeguard duty, which has been anticipated by the Indian steel industry, was widely expected in the first two weeks of...
GPIL: Net Profit Falls 37% in Q3 FY 2024-25
Godavari Power and Ispat Limited (GPIL), an Indian steel and pellet producer, reported a sharp fall in its consolidated net profit in the third...
Tata Steel to Raise ₹3,000 Crore By Way of Bonds After 1-Year Hiatus: Shares Jump 3%
On 14 February, sources close to the company told news agencies that Tata Steel planned to return to the corporate bond market for the...
India Plans Tax on Some Low-Cost Steel Imports from China
Temporary levy of 15%-25% on China-origin steel imports within 6 months scrapped Steel Minister H.D. Kumaraswamy said the move was aimed at protecting local manufacturers...
India’s Steel Industry Under Pressure: Rising Dumping Concerns Amid Trump’s Tariff Plans
India Steel Braces for Jolt from Trump’s Tariff Threat. This spells doom for the Indian steel industry, as it was in flames when...
