Steel

Subdued prices to continue weighing on steel profits, recovery in FY26 remains muted

Indian ferrous players are likely to witness an EBITDA/tonne contraction to the tune of Rs 2,000/tonne in the third quarter, given lower realisations and higher coking coal costs, according to JM Financial.

Europe’s policy changes pose challenge for Indian steel exporters

Proposals relating to the Carbon Border Adjustment Mechanism and tackling global steel overcapacity will tighten market access

Mexico’s 50% tariff hike spurs Indian exporters to seek FTA amid rising pressure on steel, auto sectors

Certain exporters have formally urged the Commerce Ministry to pursue a Free Trade Agreement (FTA) with Mexico to cushion the blow, with a source adding that industry leaders have even flagged the issue directly to Minister Piyush Goyal.

Mexico's Congress approves tariff hikes on imports from China, others

The Senate passed the measure Wednesday evening, following the lower chamber, which had approved the increases before dawn.

Tata Steel stock rises 1.3% today as firm outlines major expansion, capex plan; among top Nifty gainers

Today's gain in Tata Steel shares came as investors responded to the company’s latest expansion blueprint. Tata Steel has now gained 20 percent year to date, markedly outperforming the Nifty 50.

What Is the Buga sphere? A bizarre metallic object allegedly linked to alien UFO and said to react to Sanskrit mantras

The Buga Sphere is a metallic object first seen on 02 March. Witnesses filmed it moving in a pattern that did not match normal aircraft.

India considering import tariff on some steel products: Report

India, the world's second-biggest crude steel producer, had in August recommended a three-year import tariff of 11%-12% on some steel products

Interview: Comfortable with current debt position, says Tata Steel management, even as prices may drop in Q3

Executive director and chief financial officer Koushik Chatterjee noted during the interaction that the company remains in the comfort zone regarding the debt as well as key metrics such as the net-debt-to-EBITDA ratio

India seeks steel tariff relief from EU for auto duty cuts in FTA talks

Sources say New Delhi is seeking relief from the EU’s proposal to double duties on steel to 50% and tighten steel import quotas, while weighing tariff concessions on high-end European cars under the FTA

OPINION | The EU steel ‘action plan’ and its implications for India

As the EU prepares an ambitious Action Plan to rescue and decarbonise its steel industry, India must assess the global impacts, policy lessons, and cooperation opportunities arising from Europe’s evolving strategy

Core sector growth slows to 3% in September as energy output weakens

Steel, cement hold firm even as refinery and gas production contract

How Trump’s tariffs are affecting global steel demand

World Steel Association’s latest demand forecast points to limited long-term impact from the tariff war unleashed by the US on demand for the commodity

EU’s steel duties a new threat for Indian producers

The EU’s proposal to halve tariff-free import quotas and double duties to 50% on the rest may be meant to halt Chinese imports, but it could end up singeing Indian exporters too

India probing alleged dumping of steel from China, Indonesia, Vietnam

Indian Stainless Steel Development Association (ISSDA) has filed an application on behalf of domestic players for the same.

Atmanirbharta needed to navigate weaponisation of trade: Piyush Goyal

Speaking at the curtain raiser event for the 30th CII Partnership Summit, Andhra Pradesh Chief Minister N Chandrababu Naidu said Google will be building its biggest data centre after the US in Vishakhapatnam.

Chart of the Day: Steel sector at a crossroads

The future of India’s steel industry hinges on overcoming key challenges to maintain leadership in the global market

India may announce $125 a tonne anti-dumping duty on met coke imports in October

In April this year, government initiated an anti-dumping investigation into imports of the raw material from Australia, China, Colombia, Indonesia, Japan, and Russia, post allegations that these countries were selling at unfairly low prices.

India looks for relaxations in EU’s carbon border tax regulations

India is seeking some flexibility in the EU's Carbon Border Adjustment Mechanism (CBAM) which comes into effect from January 1 next year. Meanwhile, it is also mulling a domestic carbon tax to offset CBAM and retain revenue within the country.

Many wanted us dead but miracles kept us going: Naveen Jindal

"Our objective has been to reduce debt. We want to bring debt down drastically. Going forward, our target is debt not more than 1.5 times our EBITDA. In fact, within the next few years, we want to be net debt positive. We don’t want to carry any debt," said jindal.

Despite import drop amid safeguard duty support, steel prices lower than last year

The data showed that while prices in April were largely flat year-on-year, prices declined in June and July, by around 5 percent each over the same period.

India expands key climate action body ahead of carbon market launch

The National Designated Authority (NDA) will help India access international climate finance and carbon markets. It is likely to also help position India better as it has proposed to host the United Nations climate summit (COP 33) in 2028.

JSPL, SAIL, Tata Steel shares shine after DGTR proposes three-year safeguard duty on key imports

The safeguard duty will kick in at 12 percent in the first year, followed by 11.5 percent in the second year, and 11 percent in the third year. DGTR said the decision is due to a surge in steel imports, especially from China, along with a steep fall in domestic industry profits.