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Steel Ministry

Steel ministry proposes 25% safeguard duty on steel imports

Steel ministry proposes 25% safeguard duty on steel imports

Mon, Dec 02, 2024

Senior officials from both the ministries and executives of top steel making companies like SAIL, Tata Steel, JSW Steel and AMNS India also attended the meeting, they said.

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.

Volatility in steel prices to continue in medium-term: Steel Ministry

Volatility in steel prices to continue in medium-term: Steel Mini...

Wed, Mar 08, 2023

The volatility in steel prices is likely to continue in the medium-term due to the impact of geopolitical situation on supply chain logistics, according to SteelMint.

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PLI scheme qualifiers, Steel Ministry to ink pacts to materialise investment proposals

PLI scheme qualifiers, Steel Ministry to ink pacts to materialise...

Tue, Dec 13, 2022

On Friday, the government announced selection of 67 entries with an investment potential of Rs 42,500 crore under the scheme. The proposed investments are expected to generate 70,000 job opportunities and add 26 million tonnes of speciality steel capacity in the country.

NMDC cuts prices of lump ore, fines by Rs 500 per tonne each

NMDC cuts prices of lump ore, fines by Rs 500 per tonne each

Tue, Jul 12, 2022

The country's largest iron ore producer NMDC has slashed the prices of lump ore and fines by Rs 500 a tonne each.

India only country among top 10 nations to register growth in steel production in Jan-March 2022

India only country among top 10 nations to register growth in ste...

Sat, Apr 23, 2022

The Steel Ministry in its official statement said, “India has produced 31.9 million tonnes of steel in the period with a growth of 5.9 percent. In March 2022, with a production of 10.9 million tonnes of steel in India, the growth rate is 4.4 percent.”

Steel Ministry asks Finance Ministry to remove basic customs duty on ferronickel

Steel Ministry asks Finance Ministry to remove basic customs duty...

Tue, Apr 12, 2022

Union steel ministry has asked the finance ministry to remove the basic customs duty on ferronickel, a key raw material for stainless steel makers, a senior government official said on Tuesday.

Government aims to raise capital expenditure of steel CPSEs – stocks end positive, MOIL up 4%

Government aims to raise capital expenditure of steel CPSEs – sto...

Tue, Sep 14, 2021

The government is aiming to increase the capital expenditure (CAPEX) of steel CPSEs (Central Public Sector Enterprises) and in this regard, a review meeting was chaired by the Union Steel Minister Ram Chandra Prasad Singh on Tuesday (September 14, 2021).

Good news for these government employees, retirees, new pension scheme announced; set to cost Rs 540 crore

Good news for these government employees, retirees, new pension s...

Tue, Jul 17, 2018

"Ministry of Steel has agreed to the proposal received from various CPSEs under its control to introduce the pension scheme with effect from 1st January 2007 in case of executives and 1st January 2012 in case of non-executives or from a subsequent date as decided by the company," the ministry said in statement.

India doesn't expect immediate hit to steel exports after U.S. import curbs - govt official

India doesn't expect immediate hit to steel exports after U....

Fri, Mar 02, 2018

Trump announced on Thursday he would impose hefty tariffs on imported steel and aluminium to protect U.S. producers, risking retaliation from major trade partners like China, Europe and neighbouring Canada.

Steel Min in talks with railways to resolve rake issue

Steel Min in talks with railways to resolve rake issue

Sun, Jan 21, 2018

Coal-based steel, power and aluminium plants have been complaining against railways for raw material supply-related issues due to unavailability of adequate rakes.

Modi's office urges use of Indian products after rails controversy

Modi's office urges use of Indian products after rails contr...

Fri, Dec 22, 2017

Prime Minister Narendra Modi`s office has asked all government departments to prioritise the use of local products in state projects, after domestic companies objected to a global tender by the rai

Steel Ministry to continue with import duty reduction demand

Steel Ministry to continue with import duty reduction demand

Fri, Feb 03, 2017

India's steel ministry in its recommendations for Union Budget 2017-18 to the Finance Ministry has asked for reduction in the import duty on the coking coal.

Steel Ministry seeks lower import taxes on key raw materials

Steel Ministry seeks lower import taxes on key raw materials

Tue, Jan 03, 2017

India`s Steel Ministry wants lower import taxes on a number of key steelmaking raw materials, including nickel, to protect the domestic industry from the rising costs of basic resources, a senior g

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