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Steel Safeguard Duty Under Review: MSMEs Raise Concerns on Rising Costs
The commerce ministry investigation arm DGTR (Directorate General of Trade Remedies) has called for an investigation to scrutinize the imports of steel into...
Tata Steel collaborates with NMDC and OMC to secure future iron ore supply
Tata Steel has begun negotiations with state-owned enterprises NMDC and Odisha Mining Corporation (OMC) to guarantee a consistent supply of iron ore for...
ED Restores Rs 4,025 Crore Assets to JSW Under Corporate Resolution
In a notable move, the Enforcement Directorate (ED) has reverted ₹4,025-crore worth of properties to JSW Steel after the latter emerged as the...
Auto Industry Appeals to Steel Ministry to Relax Import Bans As Production Threatened
Indian automobile industry has requested the Ministry of Steel to remove the restrictions on steel imports that might create a disturbance in vehicle...
Steel Imports Threaten Domestic Industry’s Growth, Says ICRA in FY25 Outlook
The country’s domestic steel sector will have a very tough year going ahead with capacity utilization likely to slide below 80% for the...
Rainy Season in Chennai Slows Steel Trades; Scrap Prices to Stay Moderate in December
The current rainy season has definitely taken a toll on steel demand, which is one of the reasons why some market activity in...
CCI clears Jsquare Electrical Steel acquisition of Thyssenkrupp Electrical Steel
The Competition Commission of India (CII) has cleared the acquisition of Thyssenkrupp Electrical Steel India Private Limited, also known as Thyssenkrupp India, by...
India Unveils Green Steel Taxonomy: A Key Step Towards Sustainable Steel Industry
India announced Taxonomy of Green Steel which declares one of the most significant changes towards the decarbonising of its steel industry. It indeed...
India Pioneers Green Steel Taxonomy to Lead Global Sustainability Efforts
Shri H.D. Kumaraswamy, Union Minister for Steel & Heavy Industries, will launch the “Taxonomy of Green Steel for India” on December 12, 2024,...
Steel Sector Outlook Positive: JPMorgan Sees Surge in Demand Post-Elections and Monsoon
Steel stocks were in the spotlight on December 11, following a positive outlook from global brokerage JPMorgan. The brokerage highlighted that although overall...
