Steel

India to remain among fastest-growing steel markets in FY27: Ind-Ra

India will remain among the fastest-growing steel markets globally in FY27 amid oversupply in global steel markets, geopolitical uncertainties, evolving trade barriers, and tightening sustainability regulations, according to a report. India Ratings and Research (Ind-Ra) said it also expects the sector's strengthened balance sheets to support ongoing investments without materially weakening leverage metrics, although the execution of expansion projects, carbon-transition requirements, and export-related regulations are key monitorables. The agency said, "India will remain among the fastest-growing steel markets globally in FY27 amid oversupply in global steel markets, geopolitical uncertainties, evolving trade barriers, and tightening sustainability regulations". Ind-Ra expects India's steel demand to grow at a high-single-digit percentage year-on-year in FY27 (from 7.4 per cent in FY26), driven by the government's continued infrastructure spending, healthy demand from the ...

Companies invest ₹26,320 crore under specialty steel PLI scheme

Specialty steel PLI scheme attracts ₹26,320 crore investment as the government pushes domestic manufacturing, higher production and import substitution

Steel stocks had a strong run: Can Q1 earnings keep the rally alive?

Steel stocks have outperformed the market this year. But now, the spotlight shifts to June-quarter earnings. Stable prices at home, falling rebar prices, rising costs, and fresh pressure from China

Berry Alloys to invest ₹1,200 cr in Andhra Pradesh steel materials complex

The integrated manganese and steel materials complex in Vizianagaram is expected to create 813 direct jobs and strengthen Andhra Pradesh's growing metals value chain

India-UK trade pact: What changes for autos, whisky, textiles, steel

Here are the key takeaways from the India-UK trade deal, from lower tariffs on cars and Scotch whisky to duty-free textile access, social security relief for professionals and steel export safeguards

BHP Group, Rio Tinto see India driving steel's next wave of growth

Senior officials from both companies said rising demand and addition of new capacity in India could help offset slowing growth in China, which has dominated global steel markets for over two decades

Eight killed, six injured in blast at RINL's Visakhapatnam steel plant

The explosion occurred during casting operations at Steel Melt Shop-1, prompting separate investigations by RINL and an external committee appointed by the Steel Ministry

Gallant Ispat zooms 64% in 7 days; what's driving stock price?

In the past three trading days, the stock price of iron & steel products company has surged 41 per cent.

Vedanta chief Anil Agarwal calls for scale, policy push in iron ore mining

Vedanta Chairman Anil Agarwal calls for scaling up iron ore production and policy reforms to support India's 300 mt steel capacity ambition

Steel ministry seeks intervention for plants facing LPG shortages

India, the world's second-biggest crude steel producer, is in the midst of its worst LPG supply crisis in decades as shipments from key producers in the West Asia have been disrupted

Green hydrogen capacity to rise sharply in 2-3 years: MNRE director

India will see a rapid expansion of green hydrogen capacity over the next 2-3 years as new projects come online, with MNRE estimating growth from 8,000 tonnes to at least 200,000 tonnes

Steel stocks under pressure on CCI investigation into price collusion

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

Steelmakers rework production, strengthen compliance as CBAM kicks in

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

CBAM may force steel, aluminium exporters to cut prices by 15-22%: GTRI

EU's carbon border levy enters its payment phase from January 1, 2026, with Indian steel and aluminium exporters facing price pressure and tougher emissions data compliance

India's tariff to hit China: India slaps 3-year safeguard duty on steel imports: What this means

India has imposed a three-year safeguard duty on select steel products to protect domestic manufacturers from a surge in low-priced imports, mainly from China. The duty will taper annually and follows

India's ferrous scrap imports jump 45% in FY26 as domestic supply lags

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's expansion pipeline supports favourable post-expansion outlook

Tata Steel is stacking up projects to take domestic capacity to 40 mtpa by 2030, with NINL expansion, downstream additions and pellet supplies, even as near-term steel prices stay weak

Chhattisgarh gets ₹6,826 cr investment proposals in industry, tourism

CM Vishnu Deo Sai meets investors, exchanges Letter of Intent

India becomes net exporter of finished steel in October as shipments rise

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

Steel makers urge govt for stronger measures to curb rising imports

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 .