steel price hike
India Hot Rolled Coil (HRC) prices may rise by ₹3,500 per tonne in April amid raw material cost pressure
Domestic steel manufacturers are likely to increase hot-rolled coil prices by ₹3,500 per tonne in April as rising iron ore, coking coal and...
West Asia conflict pushes steel, aluminium prices up 20–25%, raises construction cost concerns
The prolonged conflict in West Asia has triggered a sharp 20–25% rise in steel and aluminium prices, increasing cost pressure on India’s construction...
Steel Industry Faces Turbulence After Sudden Quality Order Extension
India’s steel industry is headed for a storm after the Ministry of Steel suddenly extended the Quality Control Order (QCO) to extend into...
Safeguard Duty on Steel Imports May Halt Construction Equipment Industry, Warns ICEMA
The Indian Construction Equipment Manufacturers Association (ICEMA) has sounded a warning over a proposed 12% safeguard duty on steel imports, stating that it...
Steel Mills Cut Production as Imports Surge, Trade Deficit Widens
In a development that could put upward pressure on domestic steel prices, key Indian steel makers, barring Jindal Steel and Power Ltd (JSPL) have...
MSME Steel Players Raise Concerns Over Proposed 12% Safeguard Duty
A grouping of MSMEs (Micro, Small and Medium Enterprises) in the steel industry is readying a move to push the government to withdraw the...
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...
