Steelmakers

The Bill seeks to restrict states' powers to impose taxes and cesses on mineral rights and could provide relief from retrospective liabilities arising from a 2024 SC ruling

ArcelorMittal on Thursday posted a about 62 per cent year-on-year fall in its net income to USD 683 million in the June 2026 quarter. The company, which also has a significant presence in India, had reported a net income of USD 1,793 million in the second quarter of 2025. However, on a quarter-on-quarter basis, the company's net income in April-June was around 19 per cent higher than USD 575 million in January-March or the first quarter of 2026, driven by sales growth. Luxembourg-headquartered ArcelorMittal follows January to December as its financial year. In the second quarter, its sales rose to USD 16.8 billion from 15.9 billion in April-June 2025. On a quarter-on-quarter basis, sales increased by 8.4 per cent compared to USD 15.5 billion in Q1 2026, reflecting 4.4 per cent higher average steel prices and a 4.1 per cent increase in steel shipments. Crude steel production was at 14.3 million tonne, marginally lower from 14.4 MT in the second quarter last year, but higher than 1

Key constituents of Nifty Metal index, steel stocks face a challenging earnings season amid diverging domestic pricing trends and mounting global risks from China and tighter EU import restrictions.

India ships ​roughly two-thirds of its steel to Europe, and the executives expect exports to EU and Britain to ‌fall by as much as 40% this fiscal year after both markets tightened import rules

Domestic steel prices remain under pressure amid seasonal demand weakness, high inventory and rising iron ore and coking coal costs, weighing on near-term margins

Scrap-based electric arc furnace in Ludhiana marks Tata Steel's first step towards low-emission steelmaking and supports its net-zero target for 2045

Punjab Chief Minister Bhagwant Mann on Friday inaugurated Tata Steel's state-of-the-art scrap-based electric arc furnace built with an investment of nearly Rs 3,200 crore. Speaking on the occasion, Mann said the state government offers a congenial environment for the industry to flourish. The 0.75 million tonne per annum (mtpa) scrap-based facility is designed to achieve CO emissions less than 0.3 tonnes per tonne of steel, Tata Steel said. According to a company statement, Tata Steel Friday marked a historic milestone in the company's journey toward sustainable steelmaking with the introduction of its scrap-based Electric Arc Furnace (EAF) facility at Hi-Tech Valley, Ludhiana. "As India accelerates its transition towards a climate-resilient future, sustainability has become a national imperative - one that demands urgent, collective action. The EAF reflects Tata Group's long-term commitment to building a greener, more resilient industrial future," Tata Steel Chairman N Chandraseka

The US backs Essar's Mesabi Metallics project with up to $10 billion to boost iron ore output in Minnesota, create jobs and strengthen supply chains with India and Indo-Pacific partners

Sebi has settled proceedings against Kalyani Steels, BF Utilities and a former compliance officer over multiple lapses in approvals and disclosures related to related-party transactions

JSW Steel bets on India's demand story, plans over ₹2 trillion capex and 56 mt capacity by FY31 amid global trade barriers and price volatility

India's antitrust watchdog found Tata Steel, JSW, SAIL and RINL shared price plans and coordinated output cuts, pointing to cartel-like behaviour

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

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

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 .

Indian steelmakers may see weaker Q3FY26 margins, but Jindal Steel's capacity expansion, rising volumes and higher share of value-added products could aid recovery

State-owned steel maker SAIL on Saturday said it recorded a 14 per cent year-on-year growth in sales at 12.7 million tonnes (MT) in April-November 2025, amid "price pressures and demand volatility". The Steel Authority of India Ltd (SAIL), a leading integrated player in the steel sector, had posted sales of 11.1 MT in the corresponding period last year. The company said, "This resilient performance was possible due to a strong sales strategy...despite many challenges including global price pressures and demand volatility arising from various global trade policy uncertainties and geopolitical tensions." During the eight-month period, the company said retail sales were also strong. It was at 0.97 MT, up 13 per cent from 0.86 MT in April-November 2024, supported by ongoing nationwide brand promotion campaigns. In November alone, overall sales rose 27 per cent year-on-year, while retail sales surged by 69 per cent y-o-y. SAIL, under the Ministry of Steel, owns and operates five integr

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.

Buoyant demand has failed to push steel prices amid an increase in production and imports, threatening to slow expansion plans and limit companies' ability to reinvest in capacity addition

Analysts at Nuvama noted that APL Apollo launched its new 'SG Premium' product line at around ₹49,500 per tonne to counter competition from secondary steel players.