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Copper, zinc and aluminum all fell in Shanghai, as well as on the London Metal Exchange, which sets global benchmark prices for the commodities
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The absence of the first stage of the safeguard duty on some grades of imported steel, declared in April 2025 and expiring in the first week of November, was partly responsible for the sluggishness in the price of domestic steel
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The increase in prices for steel products, such as hot rolled coils (HRC) and cold rolled coils (CRC) of various grades, is in the range of Rs 1,000 to Rs 2,000 per tonne on a week-on-week basis
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The Competition Commission of India (CCI) held 56 top executives, including JSW's Managing Director Sajjan Jindal, Tata Steel CEO T.V. Narendran and four former SAIL chairpersons, liable for price collusion over varying periods of time between 2015 and 2023
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The government decision to impose a three-year safeguard duty of up to 12 percent on select steel imports is aimed primarily at curbing inflows from China, Vietnam and Nepal, and has improved sentiment across ferrous metal shares.
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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.
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Proposals relating to the Carbon Border Adjustment Mechanism and tackling global steel overcapacity will tighten market access
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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.
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The Senate passed the measure Wednesday evening, following the lower chamber, which had approved the increases before dawn.
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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.
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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.
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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
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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
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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
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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
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Steel, cement hold firm even as refinery and gas production contract
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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
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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
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Indian Stainless Steel Development Association (ISSDA) has filed an application on behalf of domestic players for the same.
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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.
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The future of India’s steel industry hinges on overcoming key challenges to maintain leadership in the global market
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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.
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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.
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"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.
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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.
