Steel Imports

Market access to the EU is shifting from tariff barriers to regulatory requirements

Today's editorials and columns examine the IDBI Bank privatisation deal, India's steel ambitions, tribunal reforms, AI-driven infrastructure improvements and a book on the changing geopolitical order

New Delhi had last December imposed import tariffs on some grades for three years but despite the measure, there has been a surge in imports

Industry associations have sought a six-month relaxation of steel import duties and quality control orders, along with government steps to improve raw-material supplies

New Delhi may rebalance commitments under the India-UK trade pact after Britain cut tariff-free steel import quotas and imposed fresh restrictions on shipments

India imported 0.7 million tonnes of finished steel in April, overtaking exports as domestic consumption and inbound shipments increased sharply

The embattled Labour government of Keir Starmer needs to show that it is willing to defend British jobs and industries

UK steel import curbs have emerged as a key hurdle delaying the operationalisation of the India-UK free trade agreement, officials said

Steel and steel-linked companies are gearing up to mobilise around Rs 4,000 crore through IPOs over the next 12-18 months, buoyed by the government's decision to impose a three-year safeguard duty on select flat steel imports, merchant bankers said. The policy intervention follows a muted year for steel IPOs in 2025, when only a few mainboard listings came to market and several issues struggled to sustain post-listing performance. The safeguard duty, effective April 21, 2025, is expected to improve near-term pricing visibility for domestic producers by raising the landed cost of imports and reducing price undercutting. According to industry insiders, the policy intervention is bound to help revive several fundraising plans that were earlier deferred amid weak equity sentiment, softer demand and sustained import pressure. "Safeguard duty is expected to improve sector visibility and pricing discipline, which can help restore investor confidence. At the same time, companies that are

The Centre has converted the provisional safeguard duty on steel into a three-year levy of up to 12 per cent to curb cheap imports, mainly from China and other exporting nations

The levy, locally known as a safeguard duty, will be imposed at 12 per cent in the first year followed by ​11.5 per cent in the second year and then 11 per cent in the third year

India has imposed a five-year anti-dumping duty on China's cold-rolled electrical steel after a DGTR probe found low-priced imports were hurting domestic manufacturers and squeezing profitability

Jindal Stainless MD says anti-dumping plea filed against China-Vietnam-Indonesia as imports rise

The Indian government had in April imposed a 12 per cent temporary tariff for 200 days that lapsed earlier this month

India, the world's second-biggest crude steel producer, imported 3.8 million metric tons of finished steel during April-October and was a net importer of the alloy, the data showed

The Steel Ministry has eased import procedures by removing NOC requirements for non-QCO grades, extending multiple exemptions to March 2026 and launching SARAL SIMS to simplify registration for MSMEs

Move will curb unfair trade practices and safeguard national capacity, says Jindal

EU urged to recognise domestic carbon costs as CBAM nears; SIMS easing and policy changes underway

Steel makers have urged the government for more measures to check rising imports from select group of countries including China which has produced 746.3 MT of crude steel in January-September period, over six-fold of the domestic output. As per global body World Steel Association (worldsteel), India has produced 122.4 MT of crude steel in January-September. While in September alone China has produced 73.5 MT of crude steel, over 5-fold higher from 13.6 MT of domestic production. As per market data, stainless steel is also unable to reach 100 per cent capacity utilisation of the total installed capacity of 7.5 million tonnes. It remains around 60 per cent only due to impact of imports. The government has taken several measures to curb the imports to protect the competitiveness of domestic steel industry. Over the past few years, the Ministry of Steel has come up with more than 100 quality control orders (QCOs) which refrain from non-BIS compliant steel products to enter the Indian .

Indian steel producers are raising concerns over subsidised imports from China, Vietnam and South Korea, saying low-priced inflows are dragging domestic prices