Steelmakers

Steel firms plan ₹4,000 crore IPO push as safeguard duty lifts outlook

Steel and steel-linked companies are gearing up to mobilise around Rs 4,000 crore through IPOs over the next 12-18 months, buoyed by the government's decision to impose a three-year safeguard duty on select flat steel imports, merchant bankers said. The policy intervention follows a muted year for steel IPOs in 2025, when only a few mainboard listings came to market and several issues struggled to sustain post-listing performance. The safeguard duty, effective April 21, 2025, is expected to improve near-term pricing visibility for domestic producers by raising the landed cost of imports and reducing price undercutting. According to industry insiders, the policy intervention is bound to help revive several fundraising plans that were earlier deferred amid weak equity sentiment, softer demand and sustained import pressure. "Safeguard duty is expected to improve sector visibility and pricing discipline, which can help restore investor confidence. At the same time, companies that are

Leading steelmakers colluded to fix prices, finds antitrust probe

CCI has sought financial statements to calculate penalties

Steelmakers rework production, strengthen compliance as CBAM kicks in

Companies secure emissions verification, shift to low carbon routes even as lawyers flag risks for small exporters

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 .

Muted Q3 likely, but volume gains and mix support Jindal Steel outlook

Indian steelmakers may see weaker Q3FY26 margins, but Jindal Steel's capacity expansion, rising volumes and higher share of value-added products could aid recovery

SAIL posts 14% growth in sales in Apr-Nov despite price pressures

State-owned steel maker SAIL on Saturday said it recorded a 14 per cent year-on-year growth in sales at 12.7 million tonnes (MT) in April-November 2025, amid "price pressures and demand volatility". The Steel Authority of India Ltd (SAIL), a leading integrated player in the steel sector, had posted sales of 11.1 MT in the corresponding period last year. The company said, "This resilient performance was possible due to a strong sales strategy...despite many challenges including global price pressures and demand volatility arising from various global trade policy uncertainties and geopolitical tensions." During the eight-month period, the company said retail sales were also strong. It was at 0.97 MT, up 13 per cent from 0.86 MT in April-November 2024, supported by ongoing nationwide brand promotion campaigns. In November alone, overall sales rose 27 per cent year-on-year, while retail sales surged by 69 per cent y-o-y. SAIL, under the Ministry of Steel, owns and operates five integr

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.

Steely resolve under pressure: Buoyant demand fails to lift steel prices

Buoyant demand has failed to push steel prices amid an increase in production and imports, threatening to slow expansion plans and limit companies' ability to reinvest in capacity addition

APL Apollo fires on all cylinders; what's next for the stock? Find out here

Analysts at Nuvama noted that APL Apollo launched its new 'SG Premium' product line at around ₹49,500 per tonne to counter competition from secondary steel players.

InCred Equities upgrades Tata Steel to 'Add'; stock hits fresh 52-week high

On the bourses, Tata Steel shares rose as much as 1.91 per cent to hit a fresh 52-week high of ₹177.85 per share.

Gender diversity: Women to join all shifts of Tata Steel's Jamshedpur plant

Inclusion of women in all three shifts at Tata Steel's Jamshedpur plant from February 1 next year follows its 'Udaan: Wings of Change' initiative to its advance diversity, equity, and inclusion goals

JSW Steel, Tata Steel rally up to 4% in subdued market; hit 52-week highs

Steel stocks outlook: Moody's anticipate that steel demand in India will grow at a 5-7% CAGR until 2030, fueled by infrastructure spending, construction projects and expansion in industrial production

Steelmakers seek sevenfold rise in met coke import quota amid supply crunch

India, the world's second-largest crude steel producer, in June extended import curbs on low-ash metallurgical coke, a steelmaking raw material, for six months starting in July

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

Jindal Steel commissions first continuous galvanising line in Odisha

The new line will produce galvanised and galvalume products, catering to various industries, including appliances, automotive, infrastructure, and construction

India's stainless steel demand to grow 7-8% annually over 2-3 years: ISSDA

The demand for stainless steel in the country is expected to grow in the range of 7-8 per cent Y-O-Y over the next three years, the Indian Stainless Steel Development Association (ISSDA) said on Wednesday. The overall consumption of stainless steel reached 4.8 million tonnes in FY25, registering a Year-On-Year (Y-O-Y) growth of about 8 per cent, ISSDA President Rajamani Krishnamurti said at the Global Stainless-Steel Expo 2025 (GSSE 2025). Around 10,000 industry leaders, policy makers and experts from India and abroad, as well as government representatives, are attending the event. "India is likely to retain the highest GDP growth among economies of the world. The stainless steel demand is expected to grow by 7-8 per cent in the next 2-3 years," Krishnamurti told participants at the three-day conference. The per capita steel consumption in India stands at around 3.4 kg as against the world average of over 6 kg, he added. Low consumption as against the world average provides a grea

US tariffs on steel, aluminium to have minor impact on India, says minister

Steel and Heavy Industries Minister HD Kumaraswamy's reaction comes even as industry leaders have raised concerns about potential trade diversions due to Trump tariffs

What's behind the 2% decline in Nifty Metal index today?

As per media sources, the US government is likely to increase tariffs on imported steel and aluminium from existing 25% to 50% starting June 4, to support domestic manufacturing of metal in the US.

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

Tata Steel advances green steelmaking plans through major crane project

Tata Steel UK has taken another major step in its journey to produce green steel, with a new contract awarded to JASO Industrial Cranes, a leading manufacturer of process cranes globally. As part of Tata Steel's 1.25 billion pound investment in sustainable steel production at Port Talbot in the UK, JASO will supply seven high-capacity process girder cranes to support the operation of the plant's Electric Arc Furnace (EAF) facility. When fully operational in 2028, Tata Steel's Electric Arc Furnace will be one of the largest in the world and reduce the site's carbon emissions by 90 per cent - equivalent to five million tonnes of CO2 a year. Key components of the contract with JASO Cranes include 500-tonne capacity cranes for handling liquid steel ladles, essential for the efficient operation of the new steelmaking facility, two 80-tonne scrap cranes to feed the Electric Arc Furnace via an integrated conveyor system, ensuring a steady supply of raw materials, and two 35-tonne cranes fo