Steel Producers

SAIL moves court after CCI flags suspected cartelisation in steel industry

SAIL has sought detailed findings from the CCI after the regulator indicated suspicion of cartelisation among major steelmakers, prompting the PSU to initiate legal steps

CCI probing alleged cartelisation by steel makers, says FM Sitharaman

The Competition Commission is probing the alleged cartelisation by steel manufacturers and the investigation report has been shared with the parties concerned to provide their objections and suggestions in accordance with the competition law, the government said on Monday. The corporate affairs ministry also informed the Lok Sabha that the Competition Commission of India (CCI) registered 54 cases related to anti-competitive practices/and received 149 merger (M&A) filings. in 2025. In a written reply, Corporate Affairs Minister Nirmala Sitharaman said CCI has registered a case pertaining to the alleged cartelisation by steel manufacturers pursuant to the directions of the Madras High Court. After investigation, CCI's Director General (DG) submitted the investigation report, which has been shared with the parties with directions to file their objections/suggestions in accordance with the provisions of the Competition Act, 2002. "The matter is presently under inquiry before the ...

Shree Cements eyes Q4FY26 volume rebound, plans aggressive RMC expansion

Shree Cements expects a strong rebound in cement volumes in the fourth quarter of the current financial year, aided by a pick-up in infrastructure activity and higher government spending towards the fiscal year-end, the management said in a Q3 analyst concall. The company is targeting sales volumes of 9-9.5 million tonnes in the January-March quarter. It noted that the Centre's push to utilise infrastructure allocations by March 31 is likely to support demand. While pricing remained a focus in the earlier part of the year, the company is now looking to ramp up capacity utilisation as volumes improve, an official said. Separately, Shree Cements outlined an aggressive expansion plan for its ready-mix concrete (RMC) business, with the company aiming to scale up its RMC footprint to 45 plants from the current 19 units over the next six to eight months. The management said the RMC push is part of a broader strategy to move up the construction value chain, adding that around 45 per cent

ArcelorMittal sees EU steel tariffs boosting profits, capacity use

In October, the European Union proposed doubling tariffs to 50% on all steel imports above a reduced quota. That will be a boon for ArcelorMittal, when the new import regime comes into force

Steel stocks under pressure on CCI investigation into price collusion

The news report further suggested that the CCI probe has also held 56 top executives liable for price collusion over varying periods between 2015 and 2023

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

Safeguard duty on select steel items to cushion domestic producers: Experts

The government's decision to impose safeguard duty on select steel products will provide a protective cushion for local producers and protect downstream supply chain producers, said experts. The government has extended safeguard duties on imports of certain steel products for three years. The safeguard duty will be levied at 12 per cent in the first year (April 21, 2025 to April 20, 2026), reduced to 11.5 per cent in the second year (April 21, 2026 to April 20, 2027), and further lowered to 11 per cent in the third year (April 21, 2027 to April 20, 2028). Ranjeet Mehta, Secretary General, PHDCCI, said India's safeguard duty on steel imports aims to balance the domestic market by reducing pressure from low-cost foreign steel. It provides a protective cushion for local producers and, at the same time, protects downstream supply chain producers. The duties, first imposed as a temporary 12 per cent levy for 200 days in April, will now remain in force until April 2028, according to an .

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

Steel stocks up 2nd straight day, rally up to 5%; SAIL, JSL hit 52-wk highs

Steel stocks in focus amid reports that the government has notified the much-awaited Anti-dumping duty/safeguard duty on flat steel imports for a period of 3 years.

Low base, safeguard duty to prop steel output this financial year

Exports are also expected to grow 28-30 per cent this fiscal due to better realisation opportunities in key markets, particularly the European Union

Tata Steel's Dutch arm faces €1.4 bn lawsuit over alleged pollution claims

Tata Steel called the allegations speculative, saying it will "vehemently" defend itself as the environmental group sues the company for €1.4 billion

Govt to prioritise steel output, raw material security as 2030 target nears

The government will continue to prioritise higher steel production and raw material security in the coming year, as India enters the final five years of its journey towards achieving an installed steelmaking capacity of 300 million tonne (MT) by 2030. Alongside capacity expansion, the emphasis will remain on the adoption of low-carbon technologies, the development of green steel capacity and the production of special and high-end steel grades to meet the evolving needs of domestic industries and export markets, a steel ministry official said. The push comes at a time when India is the world's second-largest crude steel producer, and steel demand continues to be supported by strong infrastructure spending, housing, railways, automobiles, defence manufacturing and capital goods under government initiatives such as PM Gati Shakti, National Infrastructure Pipeline, and Make in India. However, the industry is also bracing for continued challenges in 2025, including rising imports, volati

Steel cos to face near-term headwinds, warns Elara Capital; flags 4 reasons

Elara expects steel companies to face near-term headwinds, driven by softer steel prices alongside rising raw material costs, which are likely to result in margin compression in Q3FY26

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

Steel prices may stabilise in Q4FY26 as demand rises despite imports

Global oversupply and Chinese exports continue to weigh on prices, but strong domestic demand and expected duty support could help stabilise Indian steel prices by the final quarter of FY26

Thyssenkrupp steel workers seek job security amid possible Jindal takeover

Jindal Steel has made an indicative bid for TKSE, Europe's second-largest steelmaker, and is currently carrying out detailed due diligence to assess whether to launch a formal offer for business

Tata Steel UK arm recovery tied to market conditions, not management

Tata Steel's top executives say Q3 prices will soften but higher volumes will offset the impact; Europe to benefit from import curbs, while UK turnaround may take longer

Tata Steel Q2 preview: Here's what top brokerages expect from steel major

Tata Steel Q2 preview: Brokerages project consolidated revenue in the range of ₹53,000-55,800 crore, up marginally Y-o-Y, while Ebitda is likely to rise 38-67 per cent Y-o-Y to around ₹8,500 crore.

Govt clears AMNS' slurry pipeline plan for steel plant in Andhra Pradesh

The slurry pipeline will transport iron ore in slurry form from Chhattisgarh to Andhra Pradesh, creating a cost-efficient logistics corridor that will reduce reliance on road and rail transport

Low steel prices put ₹9 trillion expansion plan at risk: Steel secy

India's steel sector faces stress as five-year low prices force 150 small producers to close, threatening Rs 9-lakh-crore expansion plans despite strong demand and green steel prospects