STEEL IMPORTS

India's steel industry is grappling with a surge in imports, primarily from countries with free trade agreements (FTAs). These duty-free imports constitute a significant portion of total steel imports, rendering tariff adjustments ineffective in cur...

India's steel secretary warned that the country needs $120 billion in investments to reach its 300 MT steel production target by 2030. With current capacity at 180 MT, an additional 120 MT is required. Without these investments and with rising deman...

"They are studying it, they are looking at it favorably, that's all I hope. The process is on consultation with user industry. We haven't heard back (from the ministries) yet," Jindal said.

The Indian government is taking action on concerns about steel imports. The steel industry is worried about low-quality imports, especially from China. Imports are up almost 50% in the first half of this fiscal year. China's steel exports are expect...

Indian steelmakers are urging the government to impose temporary taxes on cheap steel imports from China, Japan, and South Korea. They argue that the surge in imports at predatory prices is hurting their profits and threatening the industry's surviv...

Overall, India exported $21.8 billion worth of steel and steel products, while imports totaled $23.7 billion, highlighting challenges in the core steel segment.

India's finished steel imports hit a seven-year high during April-October, reaching 5.7 million metric tons, as the country became a net importer. This surge was driven by strong domestic demand, particularly from infrastructure and automotive secto...

India imported more steel than it exported between April and September. China emerged as the top steel exporter to India during this period. South Korea, Japan, and Vietnam also increased their steel exports to India. India's finished steel producti...

Tata Steel's Managing Director, TV Narendran, expressed concerns over the global steel industry's profitability, stating that current prices are insufficient for companies to invest in planned capacity expansions. He highlighted the impact of Chines...

Tata Steel's CEO has warned that an influx of cheap Chinese steel imports is threatening the Indian steel industry. The surge in imports, deemed "unfairly priced," could stifle investment in the domestic market. While Indian demand for steel is boom...

India imposed anti-dumping duty on certain steel pipes and tubes from Vietnam and Thailand. The duty will last for five years. The government acted on a complaint by Indian steel producers. The producers said that Vietnamese and Thai companies were ...

Indian steelmakers face an inventory build-up despite increased local consumption due to rising imports. Imports surged by 41% in the first half of 2024-25 while exports dropped by 35.9%. The steel ministry is closely monitoring the situation as hig...

JSW Steel will reduce its capital expenditure for this fiscal by ?3,000-4,000 crore. The company postpones expanding blast furnace-3 at Vijayanagar to next year and transfers its slurry pipeline to JSW Infrastructure. JSW will spend ?16,000-17,000 c...

Stringent quality checks can stem the tide of imports as producers scour for markets amid sluggish demand and steep duties imposed by the US and the EU, which has increased risk of dumping into India. At present, import of multiple grades of steel i...

India needs to impose tariffs on steel imports to support the domestic steel industry, according to Steel Authority of India's Chairman Amarendu Prakash. This comes as India's finished steel imports from China hit a seven-year high. ArcelorMittal Ni...

India's steelmakers have urged the government to double tariffs on steel imports to 15% to counter a surge in cheaper shipments from China. The Indian Steel Association expressed concerns about the impact of these imports on local producers and requ...

India's finished steel imports from China reached a seven-year high in the first five months of the 2024/25 financial year, according to provisional government data. Overall imports hit a six-year high at 3.7 million metric tons, driven by strong de...

The steel ministry is discussing with the finance ministry to implement policy measures to curb rising steel imports, including a minimum import price. Efforts are also being made to strengthen the domestic alloy industry, which faces challenges lik...

India is in talks to address rising steel imports, according to Steel Minister H.D. Kumaraswamy. The country, a major crude steel producer, has been a net importer of steel recently, with China as the top exporter. Local steel prices have dropped si...