Page 6 - Steel Imports

Sponge iron industry gains on double-digit drop in FY20 steel imports

Lower scrap imports could pave way for vehicle scrap policy

Govt extends anti-dumping duty on certain steel items till December 4

While DGTR recommends the duty to be levied, the finance ministry imposes it

Coronavirus disrupts supply chain, slows down domestic steel price rally

Manufacturers say some room to increase prices exists, as cost of coking coal, a key input, has gone up

Govt considers making registration compulsory for paper importers

The Directorate General of Foreign Trade, under the Commerce Ministry, is looking at the matter

India, US agree to resolve amicably dispute over steel import duty

The US agreed to resolve the matter amicably as the appellate body of the WTO's dispute settlement mechanism has become dysfunctional since last month

New codes likely to take 1,200 steel items out of 'others' category

These new codes will accurately define and classify the imported product

Domestic steel prices drop below anti-dumping duty threshold level: Icra

Price decline attributed to weak domestic demand; fall in China export prices poses challenge to Indian steel exports

India to probe whether some Indonesian steel exporters received subsidies

Indian Stainless Steel Development Association (ISSDA), Jindal Stainless, Jindal Stainless (Hisar) and Jindal Stainless Steel have filed an application on behalf of domestic industry

Govt's online system to monitor steel imports amid criticism from industry

The Steel Import Monitoring System (SIMS) will provide advance information about steel imports to both the government and stake holders

Steel import rules restrictive despite economic slowdown, says EEPC

While compulsory registration will monitor steel product inflow into the country, the specifications seem unwarranted, the engineering exporters' body said

Global iron ore, steel prices likely to shoot up with China demand

Beijing's proposed stimulus to slightly hit imports

India may remain net importer of steel for second consecutive year

A string of safeguard measures imposed on imported steel products by the EU, in the aftermath of the US import levies and escalating trade tensions, is believed to have dented Indian exports to the EU

Little to cheer for domestic steel units even as India's use nears 100 MT

Scaling down of steel capacity in China helped push imports lower in the last couple of years

Steel ministry seeks immediate hike in duties to deter Chinese imports

Ministry seeks increase in peak import duty on all steel products to 25%, fears US-China trade war threatens India with Chinese imports.

Iran Steel imports: Indian industry flags concerns over predatory pricing

Price difference is about Rs 5,000 a tonne when compared to China; apart from IBA, the Indian Steel Association has also moved steel ministry and and customs

Demand for higher steel grades to fuel imports in 2019: CARE Ratings

CARE report says domestic consumption may rise 5.5-7.5 per cent

India turns net importer of finished steel in Apr-Jan, exports fall 37%

India has set a target of ramping up its steel production capacity and per-capita steel consumption to 300 MT and 160 kg, respectively, by 2030-31

JSW, other steel firms meet govt to seek rise in import duty: Report

Steel firms are putting pressure on the government to impose higher duties on imports as trade disputes and a global economic slowdown divert surplus Asian steel stocks to India

Steel firms seek higher import duties amid trade disputes, global slowdown

Imports of various grades of steel into India rose by around 8% in the April-December 2018 period, compared with a year earlier, government data showed

Growth in demand turns India into net importer of iron, steel in Apr-Sept

India, home to ample iron ore resources and the third biggest crude steel producer, has paradoxically turned into a net importer of iron & steel. During April-September, the country imported iron and steel valued at $5.33 billion, exceeding its exports worth $4.22 billion. This has reversed the trend of the country being a net exporter of iron ore and steel products for the past two consecutive years. In last fiscal, exports of iron and steel were valued at $11.24 billion, overshooting the imports of $10.43 billion. Between 2009-10 and 2017-18, the country's exports of iron and steel logged CAGR (compounded annual growth rate) of 12.07 per cent, states a report by the Indian Brand Equity Foundation (IBEF), quoting figures sourced from the Ministry of commerce.According to the report, the country has turned into a net importer of iron and steel due to robust demand in manufacturing sector and rise in infrastructure projects under implementation. The country's transition into a net .