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Steel Import Monitoring System

17 Sep 2019

Government launches steel import monitoring system

The SIMS will provide advance information about steel imports to Government and stake holders including, steel industry (producers), steel consumers (importers) to have effective policy interventions.

India's total steel production

04 Feb 2019

India's steel production increases by over 14 million tonnes in 3 years

India has not been much impacted by the tariff imposed by USA, Lok Sabha was told.

India import duty

22 Jun 2018

India to hike tariffs on 29 US goods from August 4: All you want to know

In the notification, there is no mention of duty hike on motor cycle with engine capacity of over 800cc.

India import duty

21 Jun 2018

India hits back at US with higher import duties on farm, steel products

India`s move came a day after the EU`s decision to charge higher import duties on a range of US products.

19 Apr 2017

India's steel import falls 36% to 7.4 million tonnes in 2016-17

India's import of total finished steel fell 36 percent to 7.4 million tonnes (MT) and exports jumped 102 percent to 8.2 MT in 2016-17, according to official data.

11 Apr 2017

Employees of 3 SAIL units on strike: INTUC

Employees at three units of steel major SAIL went on day-long strike on Tuesday to protest against the government proposal to divest stake in them.

Democratic Senators

31 Mar 2017

Don't use steel from India, Italy in Keystone pipeline: US Senators

An influential group of nine Democratic Senators has urged President Donald Trump to not let a Canadian company use foreign made steel, in particular from India and Italy, in the trans-national multibillion controversial Keystone oil pipeline.

08 Jul 2016

'India promoting its steel industry with trade protectionism'

India is promoting its steel industry with trade protectionism and making China a "primary victim" of trade investigations, China's official media alleged today and asked New Delhi to adopt "open-mindedness" towards the world's largest steel producer.

minimum import price

11 Dec 2015

Govt to fix minimum import price for steel products soon

The government's move to impose MIP comes even as it is considering safeguard duty on certain steel imports.

17 Sep 2015

Steel safeguard duty to improve domestic cos' profits: Moody's

Moody's on Thursday said the 20 percent safeguard duty on some variants of steel imports is credit positive for domestic producers and will improve their profitability.

21 Aug 2015

Govt looking into imposition of safeguard duty on steel import

Decision regarding imposition of safeguard duty on import of steel will not be delayed if the Directorate General of Safeguards recommends restrictive duty, Revenue Secretary Shaktikanta Das said on Friday.

03 Aug 2015

China, Korea, Japan ship 75% of India's steel Q1 imports

Indonesia with 83,300 tonne, Russia (56,720 tonne) and Taiwan (44,840 tonne) were the other major exporters of finished steel to India.

17 Jun 2015

Govt raises import duty on selected steel products by 2.5%

In a much needed relief for domestic producers, the government has increased the basic customs duty (BCD) on certain long and flat steel products by 2.5 percent.

09 May 2015

PM to dedicate Rs 16k-cr revamped SAIL Burnpur plant

The event can be seen as a sign of renewed industrialisation drive in West Bengal after the revival of the steel plant.

30 Apr 2015

India to cut export tax on low-grade iron ore to 10% from 30%

India will cut the export tax on low-grade iron ore to 10 percent from 30 percent, Finance Minister Arun Jaitley said on Thursday, a move that will boost shipments of the steelmaking raw material from Goa.

02 Apr 2015

Alarmed by China 'dumping', Minister bats for higher duty on steel

The steel ministry has asked its finance counterpart to raise import duty on the metal amid serious concerns of the industry over "dumping" from China.

Prime Minister's trophy

01 Apr 2015

Tata Steel given PM's trophy for steel plant

Prime Minister's trophy for the 'Best Performing Integrated Steel Plant' was on Wednesday conferred on Tata Steel.

25 Feb 2015

India imports 2.9 MT steel from China in April-January: Govt

As much as 2.9 million tonnes of steel was imported from China in the first 10 months of the current fiscal, as against 8.1 MT of total inward shipments of the metal, the government said today.

08 Jan 2015

SAIL plans Rs 1,50,000 crore investment by 2030-31

SAIL, country's largest steel maker, has charted investment of Rs 1,50,000 crore till 2030-31 to ramp up steel production from 23 million tonnes to 50 million tonnes.

10 Dec 2014

US steel industry criticises WTO ruling favouring India

The American steel industry today criticised a WTO ruling against the US imposing high duty on imports of certain Indian steel products, an order India hailed as a "significant victory" that will help its domestic manufacturers and exporters.

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