Page 2 - Steel Producers

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

Producers concerned about India's import curbs on met coke: JSW Steel CEO

In June, the government extended the curbs, introducing country-specific quotas and capping overseas purchases at 1.4 million tons between July 1 and December 31

Steel makers urge govt for stronger measures to curb rising imports

Steel makers have urged the government for more measures to check rising imports from select group of countries including China which has produced 746.3 MT of crude steel in January-September period, over six-fold of the domestic output. As per global body World Steel Association (worldsteel), India has produced 122.4 MT of crude steel in January-September. While in September alone China has produced 73.5 MT of crude steel, over 5-fold higher from 13.6 MT of domestic production. As per market data, stainless steel is also unable to reach 100 per cent capacity utilisation of the total installed capacity of 7.5 million tonnes. It remains around 60 per cent only due to impact of imports. The government has taken several measures to curb the imports to protect the competitiveness of domestic steel industry. Over the past few years, the Ministry of Steel has come up with more than 100 quality control orders (QCOs) which refrain from non-BIS compliant steel products to enter the Indian .

Rashmi Group to invest ₹10,000 cr in steel, power plant in West Bengal

The Kolkata-based group to set up a 2.8 MTPA steel plant and 400 MW captive power facility in Purulia, with state-backed fast-track clearances under ultra mega status

RBI warns cheap steel imports, dumping threaten India's domestic producers

India's steel imports rose 22 per cent in 2023-24 due to cheaper global prices, but growth slowed in the second half of 2024-25 after safeguard duties were imposed to curb dumping

NMDC Steel becomes 1st Indian firm to get BIS license for hot rolled steel

The NSL operates with a capacity of 3 million tonne per annum (MTPA) integrated steel plant located at Nagarnar in Bastar district of Chhattisgarh

EU steel duty plan: A double whammy ahead for Indian steelmakers in 2026?

The EU's plan to halve import quotas and impose a 50 per cent tariff, combined with CBAM rollout, could deliver a double blow to Indian steelmakers next year

State funding support essential for green push: Tata Steel's Chatterjee

The engagement with the Netherlands government on the terms of the tailor- made agreement and the policy conditions will be initiated after the formation of the new govt, said Chatterjee

Crude steel production rises 7% in Q2 to 5.67 mn tonnes: Tata Steel

Steel major Tata Steel on Thursday said its crude steel production in India rose by seven per cent to 5.67 million tonnes in the second quarter of the current fiscal, primarily aided by normalisation of operations post the completion of relining of a blast furnace at Jamshedpur, in Jharkhand. In a regulatory filing, the company said that in 2QFY26, Tata Steel India's crude steel production was 5.67 million tonnes. Production was up eight per cent on a quarter-on-quarter basis and seven per cent on a year-on-year basis. Tata Steel India sales during the second quarter of this financial year rose to 5.56 MT, over 5.11 MT in the year-ago period, the filing said. "Tata Steel India's deliveries for the quarter stood at 5.56 million tonnes. Domestic deliveries grew... aided by improved production and stable demand across market segments despite the seasonal rains," the filing said. The company said that it continues to strengthen its product portfolio through new facilities and customer

Venus Pipes shares rise 4% on infusing ₹71.4 crore via warrant conversion

Venus Pipes shares rose 4 per cent after it raised ₹71.4 crore by converting 4.2 lakh warrants

EU proposes steel protections, sparking concerns for UK manufacturers

The European Union proposed Tuesday cutting free-trade quotas by 47 per cent on steel and steel products, effectively adding large tariffs on imports from countries like China, India, Turkiye, and the United Kingdom, which said the measures would wreck the British steel industry. After importing 18.3 million tonnes, the new quota, additional imports will face up to 50 per cent in new tariffs, a high price akin to US President Donald Trump's steel measures. Neighbouring nations like Norway, Iceland and Ukraine will be exempt. A proposal to thwart overcapacity The proposal attempts to buttress Europe's traditional steel manufacturers by imposing trade barriers to stem the flooding of Europe's markets with imports diverted by those high American tariffs. Steel importers would be required to clearly declare where the products were melted and poured, and a complex quota system would govern what enters the EU common market. The proposal replaces a current steel safeguard policy aligned w

Interarch Building announces ₹100 cr investment to set up Andhra unit

Interarch Building Solutions on Sunday said it will invest around Rs 100 crore to set up a new plant in Andhra Pradesh for pre-engineered steel structures. The facility will be built over an area of 20 acres to set up 25,000 metric tonnes of capacity in its first phase. The plant to be set at an initial investment of Rs 100 crore is expected to begin production by the end of Q2 FY27 and generate more than 2,00 direct and indirect jobs in the region, the company said in a statement. Interarch CEO Manish Garg said, "The facility will enable faster construction of multi-storey steel buildings that are efficient, sustainable, and resilient against extreme climatic conditions. This expansion further consolidates Interarch's leadership in the high-rise steel building segment, as we aspire to continue investing in capacity, driving innovation, and shaping the future of steel construction in India." Interarch is one of the turnkey pre-engineered steel construction solution providers in Ind

Valuations reflect upside for listed steel majors despite weak Q2

India's steel sector gains from Chinese production cuts, resilient domestic demand and export momentum, though near-term margins face seasonal weakness and input cost pressure

Govt plans ₹5,000 cr mission to boost green steel, cut industry emissions

The Centre is preparing a ₹5,000 crore mission to help steelmakers adopt clean technologies, focusing on secondary producers while pushing green steel demand and procurement

Demand to reinforce steel MSMEs amid rising costs: Crisil SME Tracker

The production of long steel increased 8.7 per cent Y-o-Y in Q1FY26, with mid and small steel mills accounting for 72.4 per cent of this production

SAIL's Bhilai steel plant in Chhattisgarh hits key operational milestone

The MRD dispatched the highest-ever 75 trips of unprocessed LD slag, totalling 2,345.30 tonne in a single day. The earlier record was of 72 trips and 2,267.50 tonne, achieved on August 16

BIS exemption granted to 202 foreign manufacturers: Steel Ministry

The steel ministry said these exemptions are an ongoing process, and more licences may be exempted as requests are received

Indian alloy steel makers seek anti-dumping duty on cheap Chinese imports

India, world's second-biggest producer of crude steel, has the capacity to make around 18 million to 20 million metric tonnes per annum of alloy steel, used in auto, defence and aerospace sectors

Green steel demand to reach 4.49 MT by 2030: EY-Parthenon report

From a negligible level at present, the demand for green steel in the country is expected to reach 4.49 MnT by 2030, driven by sectors like construction, infrastructure and automobiles, Ernst & Young (EY)-Parthenon said in a report. Five years from now, 2030 is seen as an important year for Indian steel as the government aims to achieve ambitious target of 300 million tonnes (MnT) annual steel making capacity under its National Steel Policy 2017. Although demand for green steel in India is currently negligible, it is expected to rise significantly over the coming decades, said the report titled 'Unlocking Green Steel Demand: An assessment of India's automotive, infrastructure and construction sectors.' Steel produced through low carbon emitting process is referred as green steel. The report has been prepared in collaboration with WWF-India & CII-Green Business Centre (GBC). "By FY 2029-30, the demand for green steel is projected to reach 4.49 MnT, driven primarily by the ...

Port Talbot's green furnace marks end of costly firefighting for Tata Steel

Port Talbot, Tata Steel's upstream steelmaking facility in South Wales, had largely been a drag on the company's bottom line since it acquired Anglo-Dutch steelmaker Corus in 2007