Steel Prices
West Asia tensions push up costs for India’s steel industry, says Tata Steel MD T V Narendran
Rising geopolitical tensions in West Asia are increasing freight, insurance, and fuel costs for India’s steel sector, putting pressure on margins and downstream...
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...
Steel makers urge government to tighten curbs on rising imports from China, Korea, and Russia
Indian steel producers have urged the government to impose stronger import restrictions as rising shipments from China, Korea, and Russia threaten domestic production...
Domestic Steel Prices Plunge to Five-Year Low Amid Rising Imports and Weak Export Demand
Domestic steel prices drop to Rs 47,000–48,000 per tonne, a five-year low, amid rising imports and weak export demand; Steel Ministry holds discussions...
Government Engagement to Make Iron Ore Affordable Aims to Lower Steel Prices: ISA
The Indian Steel Association (ISA) is working with the government to make iron ore more affordable, aiming to reduce steel production costs and...
Steel Duty Hike Could Dent MSME CE Manufacturers, Warns JCB India CEO
The proposed 12% safeguard duty on imported non-alloy and alloy steel flat products could sharply impact micro, small and medium enterprises (MSMEs) in...
India Weighs Safeguard Duty on Steel Imports Amid Industry Concerns
On 17 March, Darpan Jain, Director General, Directorate General of Trade Remedies (DGTR), said that India is continuing to examine a proposal to...
Tata Steel CEO Calls for Government Action to Curb Rising Steel Imports
Tata Steel CEO T V Narendran has urged the government to take immediate action to control rising steel imports, which he says are...
ArcelorMittal Registers 56% EBITDA Decline Following Pressure on Prices
ArcelorMittal/Nippon Steel India, the Indian arm of London-based steel behemoth ArcelorMittal, experienced a sliding-down scenario for its EBITDA to more than halve to...
Centre Mulls Review of Import Barriers as MSMEs Protest Steel Protectionist Measures
In a growing debate on the impact of import restrictions on various sectors, the Indian government may review the protective barriers that currently...
