Page 2 - Steel Producers

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

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