India has extended import curbs on low-ash metallurgical coke, a key steelmaking input, from July 1 to December 31, 2025, to regulate supply and trade
The new line will produce galvanised and galvalume products, catering to various industries, including appliances, automotive, infrastructure, and construction
The monthly average HRC price (excluding Mumbai) was Rs 52,900 a tonne on April 29, according to data provided by BigMint, a market intelligence company
Domestic stainless steel consumption has registered a growth of 84 per cent over the last five years to reach 4.80 million tonnes in FY 2024-25, industry body Indian Stainless Steel Development Association (ISSDA) has said. The demand has been driven by sectors like infrastructure, railways, airports, metros among others, ISSDA President Rajamani Krishnamurti said in a presentation at the ongoing Global Stainless Steel Expo (GSSE) 2025. As per the data, in FY 2020-21 the consumption of stainless steel in India was at 2.61 million tonnes. It rose to 3.46 million tonnes (a rise of 33 per cent (y-o-y) in FY 2021-22. The demand grew to 3.94 million tonnes in 2022-23 (14 per cent rise y-o-y) and touched 4.49 million tonnes mark in 2023-24 (14 per cent y-o-y) before reaching 4.80 million tonnes in the financial year ended March 31, 2025. "The demand has been mainly on the back of strong growth in consumption from sectors such as building and construction, infrastructure projects, structu
At least five workers sustained burn injuries in a mishap at the Steel Authority of India Limited's (SAIL) Bokaro Steel Plant, an official said on Tuesday. The incident occurred at the Steel Melting Shop-2 (SMS-2) of Bokaro Steel plant where a spillage of hot metal from a ladle took place. "As per normal practice, water was sprayed to cool the spill, which resulted in the generation of a large volume of steam. All five workers came into contact with the steam and suffered burn injuries. They were rushed to Bokaro General Hospital where medical treatment was provided to them," the spokesperson told PTI. All are safe and have been discharged, he said. The official said that an internal inquiry is underway to determine the root cause of the spillage, whether due to mechanical failure or other factors. The plant operations have not been disrupted, he added.
Steel imports started dropping in the lead-up to the government's provisional safeguard duty - a measure aimed at protecting domestic producers from a flood of cheap imports
India needs to be watchful of any increased risk of trade diversion into the country due to changing global tariffs, top steel industry executives said reacting to the tariff-related announcement by the US. Major steel players JSW Steel and AMNS India said there is a need to implement necessary trade measures proactively as every country is protecting their industry. US President Donald Trump on Friday told Pennsylvania steelworkers that he would double the tariff on steel imports to 50 per cent to protect their industry, a dramatic hike that could further increase prices for a metal used to make housing, autos and other goods. In a post later on his Truth Social platform, he said aluminum tariffs would also be doubled to 50 per cent, and both tariff hikes would go into effect Wednesday. "We need to implement necessary trade measures proactively and in time," JSW Steel Joint MD and CEO Jayant Acharya told PTI. Sharing his views, the industry leader said there is likely to be incre
Steel structure maker Salasar Techno Engineering has reported a 30 per cent growth in consolidated net profit to Rs 19.31 crore in the March 2025 quarter, driven by higher revenues. It had posted a net profit of Rs 15.21 crore in the January-March period of the preceding fiscal, the company said in an exchange filing on Friday. During the fourth quarter, the company's total income increased 32 per cent to Rs 472.68 crore from Rs 358.42 crore in Q4 FY24. Salasar Techno Engineering is a steel structure manufacturer and engineering, procurement and construction infrastructure company, catering to telecom, energy and railways sectors.
Finished steel shipments from China fell to 0.1 million metric tons in April, down 26.5 per cent from a year ago
While China still dominates in terms of operating capacity, India is the most polluting steelmaker and has the largest pipeline, with more than 350 mn tonnes per year at various stages of development
Vice President JD Vance visited a steel plant in South Carolina on Thursday as he heralded the launch of an industrial renaissance in the US, in part due to President Donald Trump's moves to boost domestic industry. Vance made the trip to Nucor Steel in Huger as part of the administration's events marking Trump's first 100 days in office. I hope every single one of you, you guys in front me, feel a sense of pride, because these are the products that actually make America work, Vance told several hundred guests and Nucor steel workers gathered on a gravel lot outside one of the buildings at the company's sprawling facility. These are the products that make our citizens' lives better. Nucor's corporate leaders have cheered Trump's tariff policies, which have shaken the global economy and proved less popular with other business leaders. The company's stock rose 6% per cent when the Trump administration announced new tariffs on imported steel, though the price has fluctuated since. Af
ArcelorMittal shipped about 13.6 million tons of steel in the first quarter, slightly up from the year-ago period
The country, the world's second-largest producer of crude steel, has imposed a temporary 12% tariff on certain steel imports to counter a surge in cheap shipments, primarily from China
The state aims to increase its gross domestic product (GDP) from Rs 5.68 trillion in FY25 to Rs 6.35 trillion by the end of the current financial year
The steel industry has agreed to supply the metal to micro, small and medium enterprises (MSMEs) at rates on par with export prices, a top government official said on Tuesday, allaying concerns that a safeguard duty imposed on certain import products will have adverse impact on small enterprises. The government on Monday imposed a 12 per cent provisional safeguard duty for 200 days on five steel product categories, including hot rolled coils, sheets and plates, to protect domestic players from surge in imports. The decision came following a recommendation from the commerce ministry's investigation arm DGTR. For each product, a threshold import value has been notified. If imports arrive at a value lower than the threshold, the duty becomes applicable. These steel products are used as inputs by domestic manufacturers of various sectors, especially those engaged in manufacturing of engineering goods. Talking to reporters here on Tuesday, Steel secretary Sandeep Poundrik said, "As far
The company's board approved expansion in the capacities of various manufacturing units of the company situated at Gorakhpur, Uttar Pradesh.
The company has signed an agreement with Sunsure Energy to get 11 megawatts of solar power for its plant in Uttar Pradesh
British Steel has announced plans to close its two blast furnaces and steelmaking operations in Scunthorpe, marking the end of more than 160 years of steel production in the town
EU will reduce import quotas, known as safeguards, limiting the amount of steel that can be imported into the bloc of 27 nations tariff-free
With cheap imports flooding the market, India moves to shield its steel industry - again