Page 2 - Steel Industry

Odisha aims for 100 mt steel by 2030, CM Majhi urges clear roadmap

Chief Minister Mohan Charan Majhi asks industry to scale iron ore output and expand into mineral-rich districts to support Odisha's ambitious steel capacity target by 2030

Tata Steel India clocks record crude steel production of 23.48 mt in FY26

Output rises 8 per cent year-on-year on Kalinganagar ramp-up, with domestic deliveries crossing 20 mt for the first time and strong growth across segments

The long reach of West Asia war: Sheffield of the East waits and watches

Furnaces cool faster than they should as Howrah's foundry belt sputters, with West Asia tensions choking fuel lines, snarling cargo routes, and stretching workdays thinner

India seeks steelmaking raw material from Argentina, Indonesia, Oman

The talks are expected to ‌begin next month at a global steel summit, described by the Indian government as the country's largest international conference-cum-exhibition

AM/NS India CEO Dilip Oommen to retire; Amit Harlalka named successor

AM/NS India CEO Dilip Oommen will retire on June 30 after over two decades, with CFO Amit Harlalka set to take over as chief executive from July 1

AM/NS India kicks off work on ₹1.36 trillion Andhra Pradesh steel plant

AMNS India has begun work on a Rs 1.36 trillion steel plant in Andhra Pradesh, with plans to serve domestic demand and tap export markets through phased expansion

Jindal Stainless flags operations disruption due to fuel shortage

Jindal Stainless, the country's biggest stainless steel producer, had last week warned of possible shipment delays

Tensions in West Asia to impact Indian, other steel markets: BigMint

The global steel industry, including India, is expected to face multiple market-related issues in the coming days as the escalating crisis in the Middle East impacts fuels cost that has lead to increased freight rates, according to BigMint Research. Military tensions in the region are increasing as both Iran, and the US, along with Israel, continue to attack each other. BigMint analysts said crude oil, LNG, and freight costs are rising simultaneously, transmitting cost pressure directly into steel and steel-related commodity markets. From an average of USD 70 a barrel before the war, crude oil prices have risen to about USD 90/per barrel, an analyst said, adding that the cost is expected to continue to rise in the coming days. War has also impacted freight cost, which jumped almost 40 per cent in recent times. In the absence of insurance cover, marine operators are also offering freight at non-negotiable prices as per the availability of the vessel. On the impact of the US-Iran ..

Govt to make carbon trading compliance mandatory for steel sector

A senior steel ministry official says mandatory compliance under the Carbon Credit Trading Scheme will begin soon, as India moves to lower emissions and set plant-specific targets

Pricing gains ahead for Tata Steel as demand improves in India and Europe

With domestic demand strengthening and European prices firming after CBAM, Tata Steel appears past the worst of pricing pressures, with Q4FY26 expected to see sequential improvement

Steel ministry signs ₹11,887 crore MoUs with companies under PLI 1.2

The Steel Ministry signed MoUs with 55 companies for 85 projects under PLI Scheme 1.2, committing Rs 13,203 crore in investments and 8.7 million tonnes of capacity addition

ArcelorMittal Nippon Steel gets green certification under new taxonomy

ArcelorMittal Nippon Steel India's flat steel products have received government-certified green steel status under the steel ministry's new taxonomy, helping customers cut Scope 3 emissions

Steel prices rise as safeguard duty, rising exports push rates up

Steel prices are moving up as mills hike HRC rates, aided by safeguard duty, higher exports and rising input costs, even as analysts remain cautious on how long the uptrend will hold

Steel firms plan ₹4,000 crore IPO push as safeguard duty lifts outlook

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

Tata Steel reports 'best-ever' quarterly production at India operations

Higher output at Jamshedpur and Kalinganagar drove Tata Steel India to its best-ever quarterly production and deliveries in Q3FY26

Leading steelmakers colluded to fix prices, finds antitrust probe

CCI has sought financial statements to calculate penalties

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

Domestic steel prices may rise in Q4 as safeguard duty curbs imports

Extension of safeguard duties until April 2028 provides a price floor for domestic steel, but weak exports, new capacities and global pressures are likely to cap further upside

Centre imposes steel safeguard duty for 3 years; up to 12% on imports

The Centre has converted the provisional safeguard duty on steel into a three-year levy of up to 12 per cent to curb cheap imports, mainly from China and other exporting nations

Govt imposes tariff on certain steel products for 3 years to limit imports

The levy, locally known as a safeguard duty, will be imposed at 12 per cent in the first year followed by ​11.5 per cent in the second year and then 11 per cent in the third year