Page 32 - Steel Industry
India extends steel floor prices to December 4 to curb cheap imports
Steel Secretary said the government was expected to impose provisional anti-dumping on 21 steel products within two weeks
 "India extends steel floor prices to December 4 to curb cheap imports")
Anti-dumping duty likely on certain Chinese steel products
In its preliminary findings, the directorate general of anti-dumping and allied duties has recommended the duty
 "Anti-dumping duty likely on certain Chinese steel products")
Domestic steel demand seen 5.3% up at 85.8 mn tonne in FY17
Consumption to move up further to 90.6 million tonne in FY18
India's steel output rises 8.1% in July
Capacity utilisations remain stagnant at 68.3% on year-on-year basis, fall by 3.7 percentage points sequentially
 "India's steel output rises 8.1% in July")
Protection for steel industry must be temporary: CII President
The steel producers and protection increases the cost of goods for consumers
 "Protection for steel industry must be temporary: CII President")
Procedure for filing anti-dumping duty cases to be simplified
Likely to accrue a benefit of $100 billion to domestic steel sector
 "Procedure for filing anti-dumping duty cases to be simplified")
Pruning of MIP, conditional safeguard puts flat steel makers in a fix
Weekly domestic hot-rolled-coils landed prices ex-Mumbai were $464-479 a tonne, compared with $370-375 FOB, China
 "Pruning of MIP, conditional safeguard puts flat steel makers in a fix")
Local value addition for steel products better deal than exports
India expects sizeable investment in infrastructure, and conserving resources for local use help keep costs for infrastructure projects in control
 "Local value addition for steel products better deal than exports")
Govt removes safeguard duty from 37 steel products
Decision after steel minister met stakeholders from the industry on July 28
Govt prunes MIP list to 66 steel products
Those with anti-dumping, safeguard duties removed
India's anti-China steel tariffs bite engineering, manufacturing firms
Higher prices, besides hampering exporters, have pushed many steel processing firms into losses
Protection for steel industry may continue
Govt likely to extend protection to the industry by either re-notifying minimum import price or through wider anti-dumping duty
Steel industry owes Rs 3,00,000 crore to banks
With Chinese steel in the market, the prices have fallen, resulting in the domestic steel producers suffering heavy losses
 "Steel industry owes Rs 3,00,000 crore to banks")
Steel imports continue below MIP levels, complain producers
Total imports in April-June were 1.75 million tonnes, of which 69 per cent were below MIP levels
 "Steel imports continue below MIP levels, complain producers")
Has G20 meet just given steel sector a reason to celebrate?
G20 has urged world's top economies to tackle excess production capacity in steel and some other industries
 "Has G20 meet just given steel sector a reason to celebrate?")
India probes dumping of steel products from China, EU
Anti-dumping authority responds to petition filed by Essar Steel and JSW Steel to probe dumping of certain flat steel products
 "India probes dumping of steel products from China, EU")
China steel giants plan merger in face of global glut
Beijing has vowed to eliminate 100-150 million tonnes of capacity by 2020
May steel imports lowest in at least 14 months
Consumption of steel in India is growing, rose 3.8 per cent in May
Dissent in steel industry on MIP
The government imposed MIP in February on 173 steel products for a period of six months, ending in August
Ministerial group to decide on steel capacity boost tomorrow
Issues with composite licence and hurdles in clearances to be discussed