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Steel

India to slap retaliatory tariffs on US goods under WTO norms over steel, aluminium duties

India to slap retaliatory tariffs on US goods under WTO norms ove...

Tue, May 13, 2025

India-US Trade Talks: The US had first imposed a 25 per cent tariff on steel and 10 per cent on aluminium products in March 2018 under the pretext of national security, invoking Section 232 of its trade laws.

Rs 25,200 crore investment committed by 35 firms in 2nd round of PLI scheme for steel: Centre

Rs 25,200 crore investment committed by 35 firms in 2nd round of...

Sun, Mar 23, 2025

Around 35 companies have shown interest in the second round of the PLI scheme for specialty steel, with commitment of Rs 25,200 crore investment, according to the Ministry of Commerce and Industry.

Withdraw mandatory quality norms on steel fasteners: GTRO to government

Withdraw mandatory quality norms on steel fasteners: GTRO to gove...

Thu, Mar 13, 2025

The government should withdraw the mandatory quality control norms on steel fasteners, as their implementation will severely disrupt industrial supply chains and create unnecessary regulatory bottlenecks, economic think tank GTRI said on Wednesday.

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OfBusiness plans to invest Rs 3k crore in next 3 years to ramp up steel business

OfBusiness plans to invest Rs 3k crore in next 3 years to ramp up...

Sun, Jan 05, 2025

OfBusiness, a b2b commerce and fintech startup, is looking to invest about Rs 3,000 crore into doubling its steel business to more than 4MTPA in the next three years.

Tata Steel engages with miners NMDC, OMC to secure future iron ore needs By Abhishek Sonkar

Tata Steel engages with miners NMDC, OMC to secure future iron or...

Sun, Dec 15, 2024

Tata Steel has initiated discussions with state-run miners NMDC and Odisha Mining Corporation (OMC) to secure future iron ore supplies as the company ramps up its domestic steel manufacturing capacity.

Govt sanctions 3 pilot projects for using hydrogen in steelmaking

Govt sanctions 3 pilot projects for using hydrogen in steelmaking...

Mon, Oct 21, 2024

The Ministry of New and Renewable Energy said in the statement that the government will provide Rs 347 crore for the pilot projects, which are likely to be commissioned in the next three years.

Jindal Stainless net profit falls 20% to Rs 609.42 crore in July-September

Jindal Stainless net profit falls 20% to Rs 609.42 crore in July-...

Thu, Oct 17, 2024

Jindal Stainless Ltd (JSL) on Thursday reported a 20 per cent fall in consolidated net profit at Rs 609.42 crore during the quarter ended September 2024 due to increased input costs. It had posted a net profit of Rs 764.03 crore in the July-September period of the preceding 2023-24 fiscal, the company said in an exchange filing.

Why did the shine of metals increase?

Why did the shine of metals increase?

Fri, Aug 16, 2024

Metals are back on the rise again, 1.5-2.5% rise in all base metals, chances of first weekly strength in Copper after 6 weeks, Zinc and Aluminum on LME at 1 month high, why did the shine of metals increase? Know complete details.

Rathi Steel announces new project integration

Rathi Steel announces new project integration

Fri, Jul 19, 2024

The project will be set up on the surplus land available with the company at its existing facilities at Ghaziabad, Uttar Pradesh.

What are the reasons for the decline in metals from upper levels in the markets around the world?

What are the reasons for the decline in metals from upper levels...

Tue, Jul 16, 2024

Fall in metals from upper levels in markets around the world. Steel rebar at March 2020 low. HRC steel at 1.5 year low. LME copper fell $120, below $9800. What is the reason for this decline? Know complete details.

Centre developing policy for low grade iron ore beneficiation: Steel Secretary

Centre developing policy for low grade iron ore beneficiation: S...

Fri, May 17, 2024

Steel Secretary Nagendra Nath Sinha said that the policy may be cleared over the next three months.

Steel Companies Under Spotlight: Understanding Increase in steel exports & Brokerages' opinion on it

Steel Companies Under Spotlight: Understanding Increase in steel...

Mon, Feb 26, 2024

Increase in steel exports, steel exports at the highest level in 18 months in January, steel exports of 1.1 mn tonnes in January, exports increased due to good demand from Europe

JSW Steel records five-fold jump in Q3 net profit at Rs 2,415 crore

JSW Steel records five-fold jump in Q3 net profit at Rs 2,415 cro...

Thu, Jan 25, 2024

The company's EBIDTA (earnings before interest, depreciation, tax and amortisation) shot up by 57.9 per cent to Rs 7,180 crore.

Tata Steel Stock Up Despite Blast Furnace Closure, Job Cuts | Stock Market News

Tata Steel Stock Up Despite Blast Furnace Closure, Job Cuts | Sto...

Sat, Jan 20, 2024

Tata Steel announced shutting down Port Talbot's blast furnaces for a green steel transition, impacting 2,800 jobs. The phased closure begins mid-2024, with £130 million allocated for affected employees. The stock rose despite potential job losses.

Indian goods worth USD 3.7 billion entering Oman to get boost by free trade agreement: GTRI report

Indian goods worth USD 3.7 billion entering Oman to get boost by...

Tue, Dec 12, 2023

Oman's import duty ranges from 0 to 100 per cent along with the existence of specific duties. 100 per cent duty is applicable on specific meats, wines and tobacco products.

India's steel demand to touch 190 MT-mark in 2030; production to reach 210 MT: SteelMint

India's steel demand to touch 190 MT-mark in 2030; productio...

Sun, Nov 26, 2023

India's crude steel production is expected to be at 210 MT by 2030, 45 per cent higher than production levels of 2023. Many countries, including China, will show a fall in steel production as compared to their current production levels, the report said.

Tube Investments of India to set up greenfield precision steel tube unit

Tube Investments of India to set up greenfield precision steel tu...

Tue, Oct 31, 2023

The greenfield facility is proposed to be established to manufacture multiple ranges of products, the company added.

JTL Industries logs highest-ever quarterly sales volume at 81,686 MT in second quarter

JTL Industries logs highest-ever quarterly sales volume at 81,686...

Tue, Oct 03, 2023

The growth was driven by steady demand for structural steel tubes and pipes in both domestic and international markets, JTL Industries said in a BSE filing.

Tata Steel's Strategic Move: Investing in UK's Wales Plant

Tata Steel's Strategic Move: Investing in UK's Wales Pl...

Mon, Sep 18, 2023

Tata Steel has a big agreement with the UK government. Big investment in UK's Wales plant, How will the deal proceed? How much profit does Tata Steel get?

India imposes anti-dumping duty on some Chinese steel for 5 years

India imposes anti-dumping duty on some Chinese steel for 5 years

Tue, Sep 12, 2023

China was the second biggest steel exporter to India, after South Korea, selling 0.6 million metric tons, up 62 per cent from the same period a year earlier.

GG Engineering secures fresh order for supply of infrastructural steel

GG Engineering secures fresh order for supply of infrastructural...

Thu, Aug 10, 2023

Notably, the growth of the manufacturing sector in the country was adversely affected due to the Covid-19 pandemic, which has now shown positive growth in double digits and boosted the economy.

Disinvestment process of RINL is under progress: Steel Ministry

Disinvestment process of RINL is under progress: Steel Ministry

Fri, Apr 14, 2023

Clarifying some media reports regarding the hold on the disinvestment process of the state-owned steel maker, the ministry, in a statement, said that the disinvestment process of RINL is in progress.

UK agrees to not impose 4% countervailing duty on Indian steel bars, rod; move to benefit domestic exporters

UK agrees to not impose 4% countervailing duty on Indian steel ba...

Mon, Jan 16, 2023

India's trade defence wing (TDW) has held bilateral meetings at WTO and argued against the extension of CVD against Indian exporters

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