Steel Industry

Govt plans ₹5K cr scheme in 3 months to promote green tech in steel sector

The government is planning to introduce a scheme to promote the adoption of clean technologies in steelmaking processes with an outlay of Rs 5,000 crore, according to an official. The move is aimed at reducing carbon emissions from the domestic steel industry. The scheme named National Strategy for Sustainable Secondary Steel is expected to be launched in the next three months, a senior government official told PTI. "The scheme may go for approval of the union cabinet," another official in the know of the development said. The scheme will cover all steelmakers in the country. However, a major share of the funds will be earmarked for secondary players. The National Strategy for Sustainable Secondary Steel aims to promote the adoption of clean technologies and alternative materials across various steelmaking processes to reduce carbon emissions from the domestic steel industry. The move assumes significance as India is a signatory to the Paris Agreement and aims to become a net-zer

India's steel exports to EU may fall 24% due to CBAM, says ICRIER study

ICRIER says the EU's Carbon Border Adjustment Mechanism could cut India's steel exports by 24 per cent and have only a marginal impact on global carbon emissions

Anti-dumping duty on electrical steel may push transformer costs: GTRI

Any move to impose an anti-dumping duty on cold-rolled grain-oriented electrical steel (CRGO), which accounts for nearly 90 per cent of India's imports to meet domestic requirements, could increase transformer manufacturing costs and slow the country's power grid expansion, Thin Tank GTRI said on Friday. The commerce ministry's arm, Directorate General of Trade Remedies (DGTR), has initiated an anti-dumping probe against imports of CRGO and amorphous metals from China, Japan, Korea and Russia, following a complaint by JSW JFE Electrical Steel Nashik Pvt Ltd. The investigation, initiated on June 22, 2026, covers imports from April 1, 2025, to March 31, 2026, while the injury analysis covers 2022-23 to 2024-25. GTRI said that every power and distribution transformer uses CRGO steel in its magnetic core. The specialised electrical steel minimises energy losses and is indispensable for efficient electricity transmission and distribution. Demand for CRGO is expected to surge as India .

Govt begins anti-dumping probe into imports of electrical steel from China

India has initiated an anti-dumping probe against imports of electrical steel, used in transformers, from China, Japan, Korea and Russia, a commerce ministry notification said. The investigation followed a complaint in this regard by JSW JFE Electrical steel Nashik Pvt Ltd to the Directorate General of Trade Remedies (DGTR). The applicant has alleged that the cheap imports of 'Cold Rolled Grain Oriented Electrical Steel and Amorphous Metal' is significantly harming the domestic industry. "On the basis of the duly substantiated written application submitted by the applicant and having reached satisfaction based on the prima facie evidence submitted by the applicant concerning dumping of the product...the authority hereby initiates an anti-dumping investigation," the DGTR's notification said. In the probe, the directorate would determine the existence, degree and effect of the alleged dumping of the chemical exported from China and Japan. If it is established that the dumping has ca

Industry seeks policy push to boost structural steel use in construction

Industry executives have called for regulatory reforms, revised building codes and skill development to boost structural steel use as urbanisation gathers pace

India poised to drive next wave of global steel demand, says Lakshmi Mittal

India is set to become a key engine of global steel demand over the coming decades, driven by large-scale infrastructure development, urbanisation and investments linked to the energy transition, ArcelorMittal Executive Chairman Lakshmi Mittal said on Thursday. Speaking ahead of ArcelorMittal's 20th anniversary on July 31, Mittal said the global steel industry was entering a new phase in which India is expected to play a role similar to that played by China over the past two decades. The last 20 years have been characterised by China's remarkable growth. Now it is India's turn, with massive infrastructure expansion, rapid urban housing growth and energy-transition infrastructure all on the cards, Mittal said in a video message to delegates attending the World Steel Dynamics Global Steel Dynamics Forum 2026 in New York. Reflecting on the merger of Mittal Steel and Arcelor in 2006, which created the world's largest steelmaker, Mittal said the combination had strengthened the company .

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

BMW Industries eyes ₹4,500 cr revenue from Bokaro steel complex by FY30

The company expects its Rs 803-crore downstream steel complex in Jharkhand to reach full-scale operations by FY28 and generate annual revenue of up to Rs 4,500 crore by FY30

West Asia conflict to marginally impact steel prices: SAIL chairman

State-owned SAIL expects the ongoing West Asia crisis to have only a marginal impact on its steel prices and is establishing alternative shipping routes to ensure the uninterrupted supply of raw material from the region, a top company executive said. The company buys raw materials, such as limestone from Dubai, Ashok Panda, the newly appointed Chairman of the steel major said. "So far as SAIL is concerned, we will have some impact with respect to the fluxes, limestone, et cetera, which we are buying from Dubai. So, the landed cost, the CFR (cost and freight) cost is going to go up, because it was around USD 23-24, now it will be around USD 35," the official said in reply to a question related to the impact of the West Asia crisis. But overall, in sellable steel, its impact will be hardly Rs 100 or Rs 200, the chairman said. Panda also said that in times of crisis, the availability of raw materials is crucial rather than their cost, for uninterrupted operations, and that SAIL is ...

JSW Steel breaks ground on ₹1 trillion steel mill in Odisha's Paradip

13.2 mtpa plant coming up on land once earmarked for South Korea's Posco

India raises concerns over UK's steel measures in WTO, says official

India has flagged concerns in a key meeting of the World Trade Organisation in Geneva over the UK's recent steel safeguard measures, an official said. From July 1, 2026, the UK will limit tariff-free steel imports, reducing the overall quota available under the existing safeguard measures by 60 per cent. Any imports above these levels will then face a 50 per cent tariff. The measure will apply to imports of steel products that can also be made in the UK. India, Brazil, Turkiye, Switzerland and Australia have expressed their concerns about the UK's proposed action, a Geneva-based official said. Japan and Korea, which initiated discussions, have also flagged concerns over the issue. Earlier, Britain had safeguard measures that also imposed import quotas. The new measures will reduce that quota. India's exports of iron and steel and their products to the UK stood at USD 893.4 million in 2025-26, accounting for a significant share of the USD 13.4 billion in total merchandise exports

Rising freight rates amid global tensions hit steel sector: Tata Steel

A 28-30 per cent surge in global freight costs amid geopolitical tensions, including the escalating West Asia situation, is emerging as the biggest challenge for India's steel industry, even as domestic operations and raw material supplies remain largely stable, a senior Tata Steel official said. The sharp rise in shipping rates, triggered by instability in West Asia and the prolonged Russia-Ukraine conflict, is significantly increasing logistics costs for steelmakers dependent on imported coking coal, he said. "For steel, the biggest impact is freight. Freight rates have gone up by almost 28-30 per cent... This is the direct impact. First, the Russia-Ukraine war, and now the West Asia situation... This is definitely having a cascading effect on almost all countries," Tata Steel Vice-President (Corporate Services) D B Sundara Ramam told PTI. Despite global disruptions, the steel industry has so far managed to maintain production levels, though rising freight and logistics costs are

Growth not an end in itself for Tata Steel: Narendran & Chatterjee

Narendran and Chatterjee discusses a range of issues - from the Q1 outlook, to the cost impact of the West Asia conflict, and the environmental and regulatory challenges facing its Netherlands ops

JSW Steel eyes top-two position outside China, says Jayant Acharya

JSW Steel plans to expand capacity to 78 million tonnes in India, banking on strong domestic demand and supply-chain resilience despite global volatility

Tata Steel Q4FY26 results: Net profit jumps 125% on higher volumes

Tata Steel posted a sharp rise in fourth-quarter profit, supported by stronger India deliveries, improved product mix and cost transformation across regions

Tata Steel Q4 results: Consolidated net profit rises 125% to ₹2,926 crore

The company's revenue from operations increased 13% to ₹63,270 crore in Q4FY26 from ₹56,218 crore in Q4FY25

JSW Steel Q4FY26 net profit surges on one-time gain from BPSL sale

Company plans to raise India steelmaking capacity to 62 MTPA by FY32 as quarterly revenue and sales hit record highs

Ashok Kumar Panda takes charge as SAIL chief, targets 35 MTPA capacity

Ashok Kumar Panda has assumed charge as chairman and managing director of SAIL, with a focus on expansion, raw material security and value-added steel

Jindal Steel shares rise 4% on Q4 results; analysts peg up to 11% upside

Analysts broadly retained their bullish stance, expecting steel prices to remain steady at healthy levels, thereby supporting margins