steel sector news
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...
Tata Steel Accelerates Domestic Expansion, Strengthens Iron Ore Security Strategy
Tata Steel has approved a series of domestic expansion projects, including capacity additions at Neelachal Ispat Nigam, while moving to secure iron ore...
India Imposes Five-Year Anti-Dumping Duty on Vietnamese Hot-Rolled Steel to Protect Domestic Market
India has imposed a five-year anti-dumping duty on Vietnamese hot-rolled steel after DGTR confirmed underpriced imports were harming local producers, ensuring stronger market...
Jindal Steel Q2 Profit Falls 26% Amid Record Value-Added Steel Sales
Jindal Steel & Power reported a 26.2% drop in Q2 FY26 net profit to Rs 635 crore, while revenue rose 4.2% to Rs...
