Steel Producers

The news report further suggested that the CCI probe has also held 56 top executives liable for price collusion over varying periods between 2015 and 2023

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 government's decision to impose safeguard duty on select steel products will provide a protective cushion for local producers and protect downstream supply chain producers, said experts. The government has extended safeguard duties on imports of certain steel products for three years. The safeguard duty will be levied at 12 per cent in the first year (April 21, 2025 to April 20, 2026), reduced to 11.5 per cent in the second year (April 21, 2026 to April 20, 2027), and further lowered to 11 per cent in the third year (April 21, 2027 to April 20, 2028). Ranjeet Mehta, Secretary General, PHDCCI, said India's safeguard duty on steel imports aims to balance the domestic market by reducing pressure from low-cost foreign steel. It provides a protective cushion for local producers and, at the same time, protects downstream supply chain producers. The duties, first imposed as a temporary 12 per cent levy for 200 days in April, will now remain in force until April 2028, according to an .

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

Steel stocks in focus amid reports that the government has notified the much-awaited Anti-dumping duty/safeguard duty on flat steel imports for a period of 3 years.

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

Tata Steel called the allegations speculative, saying it will "vehemently" defend itself as the environmental group sues the company for €1.4 billion

The government will continue to prioritise higher steel production and raw material security in the coming year, as India enters the final five years of its journey towards achieving an installed steelmaking capacity of 300 million tonne (MT) by 2030. Alongside capacity expansion, the emphasis will remain on the adoption of low-carbon technologies, the development of green steel capacity and the production of special and high-end steel grades to meet the evolving needs of domestic industries and export markets, a steel ministry official said. The push comes at a time when India is the world's second-largest crude steel producer, and steel demand continues to be supported by strong infrastructure spending, housing, railways, automobiles, defence manufacturing and capital goods under government initiatives such as PM Gati Shakti, National Infrastructure Pipeline, and Make in India. However, the industry is also bracing for continued challenges in 2025, including rising imports, volati

Elara expects steel companies to face near-term headwinds, driven by softer steel prices alongside rising raw material costs, which are likely to result in margin compression in Q3FY26

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

Global oversupply and Chinese exports continue to weigh on prices, but strong domestic demand and expected duty support could help stabilise Indian steel prices by the final quarter of FY26

Jindal Steel has made an indicative bid for TKSE, Europe's second-largest steelmaker, and is currently carrying out detailed due diligence to assess whether to launch a formal offer for business

Tata Steel's top executives say Q3 prices will soften but higher volumes will offset the impact; Europe to benefit from import curbs, while UK turnaround may take longer

Tata Steel Q2 preview: Brokerages project consolidated revenue in the range of ₹53,000-55,800 crore, up marginally Y-o-Y, while Ebitda is likely to rise 38-67 per cent Y-o-Y to around ₹8,500 crore.

The slurry pipeline will transport iron ore in slurry form from Chhattisgarh to Andhra Pradesh, creating a cost-efficient logistics corridor that will reduce reliance on road and rail transport

India's steel sector faces stress as five-year low prices force 150 small producers to close, threatening Rs 9-lakh-crore expansion plans despite strong demand and green steel prospects

In June, the government extended the curbs, introducing country-specific quotas and capping overseas purchases at 1.4 million tons between July 1 and December 31

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 .

The Kolkata-based group to set up a 2.8 MTPA steel plant and 400 MW captive power facility in Purulia, with state-backed fast-track clearances under ultra mega status

India's steel imports rose 22 per cent in 2023-24 due to cheaper global prices, but growth slowed in the second half of 2024-25 after safeguard duties were imposed to curb dumping