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  • DGTR recommends CVD on certain steel product imports from Indonesia Aug 09, 2020 07:20 PM IST

    DGTR recommends CVD on certain steel product imports from Indonesia

    The domestic industry has suffered material injury due to subsidisation of the product and therefore it is necessary to recommend imposition of provisional countervailing duty on these imports, the DGTR has said in a notification.

  • SAIL's July sales up 50% to 15.83 lakh tonnes Aug 04, 2020 05:15 PM IST

    SAIL's July sales up 50% to 15.83 lakh tonnes

    The company had registered sale of 10.59 LT steel during the same month last year, Steel Authority of India Ltd (SAIL) said in a statement.

  • Indian steel consumption to decline due to COVID-19 disruption: Report Jul 29, 2020 02:25 PM IST

    Indian steel consumption to decline due to COVID-19 disruption: Report

    According to Moody's Investors Service, in India, new capacity additions will take a back seat as weak steel consumption will hurt free-cash-flow generation in the current year.

  • While steel output drops sharply, investors keep their eyes on the road ahead Jul 14, 2020 12:31 PM IST

    While steel output drops sharply, investors keep their eyes on the road ahead

    The effects of the pandemic have led to a sharp decline in steel output in the June quarter but investors are hoping the worst is over

  • Govt assures measures to reduce logistics cost for steel players Jul 01, 2020 04:12 PM IST

    Govt assures measures to reduce logistics cost for steel players

    Kulaste sought suggestions from the stakeholders on how to reduce the logistics cost of raw materials and assured them that the ministry will take steps accordingly.

  • FinMin requested to impose Border Adjustment Tax, says Dharmendra Pradhan Jun 30, 2020 08:00 PM IST

    FinMin requested to impose Border Adjustment Tax, says Dharmendra Pradhan

    The proposed BAT would be imposed on imported goods in addition to customs duty to bring the imported product at par with locally-made products.

  • Steel imports worth Rs 20,000 crore avoided due to DMISP policy: Dharmendra Pradhan Jun 29, 2020 05:09 PM IST

    Steel imports worth Rs 20,000 crore avoided due to DMISP policy: Dharmendra Pradhan

    The government also rolled out the domestically manufactured iron and steel products policy (DMISP) policy to boost the use of domestic steel products in government organisations.

  • Chart of the Day: China flexes its steel muscle Jun 24, 2020 12:22 PM IST

    Chart of the Day: China flexes its steel muscle

    While ex-China the world’s steel output declined by 22.2percent, China’s output rose by 4.2percent

  • India imposes anti-dumping duty on certain steel products from China, Vietnam, Korea Jun 23, 2020 10:52 PM IST

    India imposes anti-dumping duty on certain steel products from China, Vietnam, Korea

    The duty was imposed after the Commerce Ministry's investigation arm Directorate General of Trade Remedies (DGTR), in its probe, concluded that the product was exported to India by these countries below its associated normal value, which resulted in dumping and in turn impacting domestic players.

  • Dharmendra Pradhan urges industry to use domestically produced steel Jun 20, 2020 05:50 PM IST

    Dharmendra Pradhan urges industry to use domestically produced steel

    In the last few quarters, domestic demand for steel has declined due to the economic slowdown followed by the COVID-19 outbreak and resultant shutdowns.

  • India may impose anti-dumping duty on certain steel products from EU, Japan, US, Korea Jun 18, 2020 06:13 PM IST

    India may impose anti-dumping duty on certain steel products from EU, Japan, US, Korea

    JSW Vallabh Tinplate Pvt Ltd and The Tinplate Company of India Ltd have filed the application for imposition of the anti-dumping duty on imports of coated/plated tin mill flat-rolled steel products.

  • India asks oil and gas producers to use more local steel in infrastructure Jun 16, 2020 07:04 PM IST

    India asks oil and gas producers to use more local steel in infrastructure

    India, the world's third-biggest oil importer and consumer, plans to invest about $160 billion by 2025-26 in expanding refining capacity, building gas infrastructure and ramping up exploration and production.

  • Major steel players may shelve capex plans: CRISIL Jun 09, 2020 10:26 PM IST

    Major steel players may shelve capex plans: CRISIL

    The demand for steel in the first quarter of the fiscal is expected to fall by 60-65 percent as the extended lockdown to contain COVID-19 pandemic and the migration of labour have impacted construction and manufacturing sectors.

  • Tata Steel’s European business needs more than restructuring Jun 09, 2020 01:28 PM IST

    Tata Steel’s European business needs more than restructuring

    While restructuring can do some good a more lasting solution would be something along the lines of the aborted ThyssenKrupp transaction

  • India's steel demand likely to fall by 18% in 2020: worldsteel Jun 07, 2020 05:54 PM IST

    India's steel demand likely to fall by 18% in 2020: worldsteel

    Steel demand in developed economies is expected to decline by 17.1 percent in 2020.

  • Govt extends anti-dumping duty on certain steel items till December 4 Jun 04, 2020 03:22 PM IST

    Govt extends anti-dumping duty on certain steel items till December 4

    The duty on imports of 'hot rolled flat products of stainless steel 304 series' from the said countries was first imposed by the finance ministry on June 5, 2015, for five years. The duty was imposed in the range of $180-316 per tonne.

  • Steel players' operating profit to decline 20-30% in FY21: India Ratings Jun 02, 2020 05:35 PM IST

    Steel players' operating profit to decline 20-30% in FY21: India Ratings

    The agency has already predicted a 10-15 percent reduction in steel demand for the current fiscal, mainly due to the slowdown in economy, decline in auto sector and the impact of COVID-19 pandemic on construction activities.

  • If steel output is down why are iron ore prices hot? May 28, 2020 01:04 PM IST

    If steel output is down why are iron ore prices hot?

    The answers to that question lie in China and Brazil

  • ICRA revises steel sector outlook to negative as demand likely to fall by record 20% in FY21 May 19, 2020 08:45 PM IST

    ICRA revises steel sector outlook to negative as demand likely to fall by record 20% in FY21

    According to official data, India consumed 100 million tonne of steel during financial year ended March 2020.

  • Ailing icon Thyssenkrupp seeks partners for steel, warship units May 19, 2020 08:33 AM IST

    Ailing icon Thyssenkrupp seeks partners for steel, warship units

    Hoping to stop the bleeding of cash and restore investor confidence, the group also pooled businesses worth 6 billion euros ($6.6 billion) of sales and employing 20,000 staff

  • Thyssenkrupp in talks with peers over steel business: Source May 18, 2020 07:30 AM IST

    Thyssenkrupp in talks with peers over steel business: Source

    The talks, to be unveiled as part of a strategy revamp on Monday which is likely to include shutting or selling assets, follow a 372 million euro ($402 million) loss Thyssenkrupp Steel Europe, Germany's largest steelmaker, posted in the first half of the group's fiscal year.

  • Coronavirus impact | Credai seeks government’s intervention to control cement, steel prices May 10, 2020 07:19 AM IST

    Coronavirus impact | Credai seeks government’s intervention to control cement, steel prices

    With construction activities having stopped due to the nationwide lockdown, there has been a steep increase in prices of essential raw materials such as cement and steel.

  • ArcelorMittal reports $1.1 billion net loss in March quarter May 07, 2020 01:17 PM IST

    ArcelorMittal reports $1.1 billion net loss in March quarter

    Global steel giant ArcelorMittal on Thursday reported a net loss of USD 1.1 billion for the first quarter ended March 31, 2020 amid the coronavirus crisis

  • Ficci seeks infrastructure status for lockdown-hit steel sector May 03, 2020 03:49 PM IST

    Ficci seeks infrastructure status for lockdown-hit steel sector

    COVID-19 pandemic and subsequent nationwide lockdown have affected the demand and production of steel, as well as resulted in the rise of inventory levels, it said, adding the policy interventions would help the industry to revive and help generate employment opportunities.

  • Steel ministry identifies 4 slurry pipeline projects worth Rs 8,000 crore for implementation by FY25 Apr 30, 2020 06:55 PM IST

    Steel ministry identifies 4 slurry pipeline projects worth Rs 8,000 crore for implementation by FY25

    According to the task force to draw up the National Infrastructure Pipeline (NIP), "Ministry of Steel has identified four slurry pipeline projects, to be implemented over fiscals 2020-2025 and the total capital expenditure for these identified projects is estimated at Rs 8,225 crore."

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