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Steel import News

27 Nov 2024

India Clocks Double-Digit Surge In Steel Consumption Amid Global Slowdown

As per the National Steel Policy, the country aims to achieve 300 million tonnes of steel production capacity by the year 2030 with the present capacity at about 180 million tonnes.

26 May 2016

UK plans unique pensions deal for Tata Steel UK

Seeking to overcome the biggest stumbling block in securing a deal for Tata Steel, the UK government today unveiled a unique pensions compromise scheme to secure the sale of the Indian conglomerate's loss making UK assets and save thousands of jobs.

Commerce and Steel Industry

04 Apr 2016

Govt not considering more steps to check steel import: Nirmala

The Commerce and Industry Ministry is not in favour of more steps to check import of cheaper steel.

03 Apr 2016

Sanjeev Gupta keen on acquiring Tata Steel's Port Talbot plants

UK-based Indian steel tycoon Sanjeev Gupta has come to the rescue of the troubled Tata Steel by opening discussions with owners of the steel giant to acquire its plants at Port Talbot, Britain's largest employing some 4,000 people

14 Sep 2015

Govt imposes 20% safeguard duty on select steel products

Government Monday imposed provisional safeguard duty of 20 percent on import of certain categories of steel with a view to protect domestic producers from recent surge in inward shipments, Finance Minister Arun Jaitley said.

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.

11 Jan 2015

Double whammy for steel firms: Rising imports, dipping exports

Facing a double whammy of rising imports and declining exports, domestic steel manufacturers are fearing further squeeze in their margins in a stubbornly subdued domestic market.

07 Dec 2014

Steel cos competitive enough to counter surge in imports: SAIL

Allaying apprehensions of rising steel imports, state-run SAIL Sunday said capacity expansion of almost all steel-makers indicate that the domestic industry is resilient and competitive enough to balance it out with proportionate exports.

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