Steel Industry

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

Higher output at Jamshedpur and Kalinganagar drove Tata Steel India to its best-ever quarterly production and deliveries in Q3FY26

CCI has sought financial statements to calculate penalties

Companies secure emissions verification, shift to low carbon routes even as lawyers flag risks for small exporters

Extension of safeguard duties until April 2028 provides a price floor for domestic steel, but weak exports, new capacities and global pressures are likely to cap further upside

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

Exports are also expected to grow 28-30 per cent this fiscal due to better realisation opportunities in key markets, particularly the European Union

India's ferrous scrap imports rose sharply in the current financial year, underlining continued dependence on overseas supplies as domestic scrap generation remains structurally constrained

Tata Steel is boosting upstream options, expanding downstream capacity and improving efficiency to manage higher iron ore costs expected after its captive mines go up for auction in 2030

JSW Steel and Japan's JFE Steel will jointly own BPSL in a 50:50 venture, marking renewed global interest in India's steel sector as companies chase long-term growth opportunities

The deal is aimed at bolstering the growth of the two steelmakers, whose partnership goes back to 2009, when they signed a comprehensive agreement

JFE Steel Corporation of Japan will invest Rs 15,750 crore to form a joint venture with Sajjan Jindal-led JSW Steel, according to a regulatory filing. The joint venture (JV) will include JSW Steel's arm Bhushan Power & Steel Ltd's (BPSL) integrated steel plant, situated in Odisha. In a BSE filing, JSW Steel said it has "entered into a strategic joint venture partnership with JFE Steel Corporation, Japan (JFE). The steel business undertaking of Bhushan Power and Steel Ltd (BPSL) will be transferred to a 50:50 joint venture with JFE through a slump sale, with a cash consideration of Rs 24,483 crore. JFE will invest Rs 15,750 crore in two tranches to acquire a 50 per cent stake in the joint venture, it added. JSW Steel had acquired BPSL in 2021 through Insolvency and Bankruptcy Code (IBC) process and successfully transformed it from a 2.75 2.75 million tonnes per annum (MTPA) distressed unit into a profitable company with an expanded capacity of 4.5 MTP, currently employing 25,000 ..

Abhyuday Jindal has said the stainless steel industry needs a standalone policy rather than a mere chapter in the National Steel Policy

CM Vishnu Deo Sai meets investors, exchanges Letter of Intent

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

Departments begin rolling back quality orders as India finalises a trade deal with the US and weighs industry concerns on compliance burdens

India's crude steel production in October stood at 14.02 million metric tons, up 9.4 per cent from a year earlier, according to the data