Page 3 - Steel Producers

Indian steelmakers eye robust growth in FY26 but China clouds gather

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 dodge trade diversion risk due to steel tariff challenges'

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

Salasar Techno Engineering Q4 results: Net profit grows 30% to Rs 20 cr

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.

India's finished steel imports fall 11.3% in Apr on slower China shipments

Finished steel shipments from China fell to 0.1 million metric tons in April, down 26.5 per cent from a year ago

India's dirty furnaces threaten global steel sector's net zero target

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

Vance heralds 'industrial renaissance' at South Carolina steel plant

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 warns of trade disruption despite strong quarterly profit

ArcelorMittal shipped about 13.6 million tons of steel in the first quarter, slightly up from the year-ago period

India confident of achieving steel production target by 2030: Poundrik

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

Energy, steel, textiles cos line up ₹5.5 trn investment in Chhattisgarh: CM

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

MSMEs to get steel at export parity prices despite safeguard tariff hike

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

Gallantt Ispat hits record high on capex plan; stock zooms 47% in 1 month

The company's board approved expansion in the capacities of various manufacturing units of the company situated at Gorakhpur, Uttar Pradesh.

JSL Super Steel signs a deal with Sunsure energy to cut carbon emissions

The company has signed an agreement with Sunsure Energy to get 11 megawatts of solar power for its plant in Uttar Pradesh

Why UK is close to becoming only G7 nation without steel production ability

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

Indian steel to see impact from EU's import curbs, but local demand strong

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

Will safeguard duty help expand capacity in India's steel industry?

With cheap imports flooding the market, India moves to shield its steel industry - again

Metal stocks shine: HZL, SAIL, JSW Steel rally up to 10% on safeguard duty

Metal stock rally: The Nifty Metal index rose as much as 1.67 per cent to hit an intraday high of 9,185.20.

Govt recommends 12% provisional safeguard duty on select steel items

But MSMEs fear escalation in domestic prices, call for import quota

Domestic steel prices rise but looming global trade war sparks concerns

It is widely anticipated that the 25 per cent tariff imposed by the US from March 12, 2025, will lead to trade diversion and increased imports into India

SAIL to invest Rs 30,000 cr to expand Rourkela Steel Plant to 9 MT by 2030

State-owned SAIL has plans to more than double the capacity of its Rourkela Steel Plant (RSP) to around 9 million tonne per annum at an investment of Rs 30,000 crore, a move which will boost supplies to sectors like defence, oil & gas, automobiles among others. Post expansion, which will come up over an area of 1,200 acre, RSP will alone contribute around 25 per cent to SAIL's overall 35 million tonne per annum (MTPA) production capacity target by 2030, Alok Verma, Director In-Charge, RSP told PTI in an interview. Located at Rourkela in Odisha, around 320 km from state capital Bhubaneswar, RSP holds the distinction of being the first public sector steel plant in India. It was set up in 1950s with German collaboration with an initial capacity of 1 MT. The plant became operational on February 3, 1959, when the then President of India Rajendra Prasad lit up the first blast furnace Parvati. At present, the total steelmaking capacity of Steel Authority of India Ltd (SAIL) stands at ...

Canada initiates WTO dispute complaint on US steel, aluminium duties

The request was circulated to World Trade Organization members on Thursday