steel sector news
China Emerges as Top Steel Exporter to India in April 2026 Despite Import Tariffs
China's finished steel exports to India more than doubled to 232,000 tonnes in April 2026, making it the largest exporter to the country...
JSW Steel to Begin Work on 13.2 Million Tonnes Odisha Steel Plant
JSW Steel is set to begin construction of its 13.2 million tonnes per annum integrated steel plant near Paradip in Odisha, with investment...
L&T Bags Mega JSW Steel Order Worth Up to ₹15,000 Crore for Expansion Projects
Larsen & Toubro has secured a mega order from JSW Steel worth up to ₹15,000 crore for major steel expansion projects across Karnataka...
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...
Tata Steel hits record 23.48 million tonnes crude steel output in India in FY26
Tata Steel has reported its highest-ever annual crude steel production in India at 23.48 million tonnes for FY26, driven by strong demand across...
JFE Steel invests ₹7,875 crore in JSW Kalinga, acquires 25% stake
JFE Steel Corporation has invested ₹7,875 crore in JSW Kalinga Steel, acquiring a 25 per cent stake and strengthening its strategic partnership with...
Steel PSU capex to rise 44% in FY27 on improving demand outlook
Capital expenditure by steel public sector undertakings is set to rise sharply in FY27, led by SAIL and NMDC, as domestic demand improves...
Safeguard Duty on Steel Imports Gives Domestic Mills Pricing Leverage
India’s three-year safeguard duty on select steel imports is expected to curb cheap inflows, improve pricing power for domestic mills, and support margins...
India Imposes Three-Year Safeguard Duty on Steel Imports to Curb Cheap Inflows
India has imposed a three-year safeguard duty of up to 12 percent on select steel imports to protect domestic manufacturers from a surge...
India Emerges as Net Importer of Finished Steel Amid Shifting Trade Trends
India has turned into a net importer of finished steel since 2022–23, with imports overtaking exports despite higher crude steel output and fluctuating...
