Steel Industry

JSW-JFE 50:50 joint venture puts spotlight on Indian steel market

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

JSW Steel, JFE to form 50:50 JV for BPSL steel business at ₹15,750 crore

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

Japan's JFE Steel to invest Rs 15,750 cr in JV with JSW Steel's BPSL

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 ..

Stainless steel industry deserves dedicated policy: Jindal Stainless MD

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

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

CM Vishnu Deo Sai meets investors, exchanges Letter of Intent

India considering added tariff on steel to curb cheaper Chinese imports

The Indian government had in April imposed a 12 per cent temporary tariff for 200 days that lapsed earlier this month

India's finished steel imports in April-October down 34%, shows govt data

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

Govt eases steel imports, launches SARAL SIMS and extends key exemptions

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

The shift: QCO rollbacks gather steam, suspended for 55 steel products

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

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

Steely resolve under pressure: Buoyant demand fails to lift steel prices

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

MIF suggests exports of value-added items to tackle tariff impact

India can mitigate the impact of high tariffs in global markets by exporting high-value cold-rolled steel components and other value-added items that face lower duties, said Dhirendra Sankhla, Director of Mother India Forming (MIF) -- a manufacturer of customised steel tubes and profiles. The United States has increased tariffs on Indian steel to 50 per cent, while the European Union is proposing new tariffs, creating a ripple effect across the global steel trade and causing uncertainty for countries like the UK. "The world challenged India with 'Make in India', and Indian manufacturers responded with the 'Made in India' benchmark, meeting global quality and delivery standards. By converting steel volume into precision-formed components, India is no longer just a steel producer, it is a solutions provider for the world," Sankhla said. Cold-roll sheet forming converts steel coil into engineered profiles, tubes and components that are often classified differently for trade purposes, .

Tata Steel to sell Jajpur ferro alloy plant to IMFA for ₹610 crore

Tata Steel has signed an asset transfer agreement with IMFA for the sale of its Jajpur ferro alloy plant in Odisha. The deal, worth Rs 610 crore, is expected to close within three months

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 .

InCred Equities upgrades Tata Steel to 'Add'; stock hits fresh 52-week high

On the bourses, Tata Steel shares rose as much as 1.91 per cent to hit a fresh 52-week high of ₹177.85 per share.

InCred upgrades SAIL to 'Add', lifts target; stable outlook supports upside

Steel Authority's biggest competitive advantage remains its fully integrated raw material base, unlike private steelmakers such as Tata Steel or Jindal Steel and Power

Steel industry flags price pressure from cheap imports ahead of key meet

Indian steel producers are raising concerns over subsidised imports from China, Vietnam and South Korea, saying low-priced inflows are dragging domestic prices

Govt calls for 'open house' to discuss steel import issues with industry

The government on Monday called for an "open house" to discuss issues related to steel imports with industry stakeholders. Companies and associations may present their issues in the open house scheduled for October 27 in the national capital, the Ministry of Steel said in a statement. The development comes at a time when domestic players have been complaining about cheap imports affecting their competitiveness. The Reserve Bank India (RBI) has also noted that steel imports have seen a surge, largely driven by lower import prices. It has also called for policy support to boost the competitiveness of domestic steel production. "The dumping of cheap steel from global producers may pose a risk to the domestic steel production, which can be mitigated through suitable policy measures," as per an article published in the Reserve Bank's October Bulletin. "The dumping of cheap steel from global producers may pose a risk to the domestic steel production, which can be mitigated through suit

There is renewed confidence in India story: JSW Steel CEO Jayant Acharya

CEO Jayant Acharya says domestic demand remains firm, expects steel prices to recover and safeguard measures to strengthen as imports rise

JSW Steel Q2FY26 results: Net profit jumps 269.7% to ₹1,623 crore

The firm's total revenue, on a consolidated basis, increased 13.8 per cent to Rs 45,152 crore from Rs 39,684 crore last year