Steel Prices
Karnataka’s New Mineral Tax to Impact Steel Industry Margins
The Karnataka government has introduced a two-part mineral-bearing tax that is expected to pressure the profitability of steel companies. The levy, which applies...
Steel Imports Threaten Domestic Industry’s Growth, Says ICRA in FY25 Outlook
The country’s domestic steel sector will have a very tough year going ahead with capacity utilization likely to slide below 80% for the...
Steel Sector Outlook Positive: JPMorgan Sees Surge in Demand Post-Elections and Monsoon
Steel stocks were in the spotlight on December 11, following a positive outlook from global brokerage JPMorgan. The brokerage highlighted that although overall...
Steel Prices Surge in Chennai, Hyderabad, and Bellary Amid Market Volatility
On December 6, 2024, steel prices in South India saw a notable increase. Mills raised their offers for semi-finished and finished long products...
Southern Steel Markets Witness Stability with Minimal Price Adjustments
Steel markets in southern India, including Chennai, Hyderabad, and Bellary, experienced a day of mixed trends on 4 December 2024. While minor price...
MSME Engineering Exporters Concerned Over Proposed 25% Safeguard Duty on Steel Imports
MSME engineering exporters have expressed concerns over the government’s proposal to impose a 25% safeguard duty on steel imports, warning that it could...
Steel Market Faces Pressure in Chennai, Hyderabad, Bellary
The induction furnace (IF) steel market in Chennai, Hyderabad, and Bellary saw notable price corrections on December 2, 2024, as mills adjusted their...
India’s Steel Imports Up 41%, BIS Enforces Quality Standards to Protect Industry
India’s steel imports have risen sharply in the first half of 2024-25, reaching 4.735 million tonnes, a 41.3% increase compared to 3.329 million...
