Steel to stay costly through 2026, India to lead demand rebound in 2027: ReportGlobal steel demand will stay weak, growing just 0.3% in 2026, with China dragging growth while India emerges as a strong outlier. Despite ...
16 Apr, 2026, 10.23 AM IST
India to outpace major steel-consuming economies with 8-9% demand growth in 2025: CRISILIndia's steel demand is projected to grow by 8-9 percent in 2025. This growth is driven by increased steel-intensive construction in housin...
12 Jan, 2025, 12.02 PM IST
September price hike of Chinese steel will provide relief for Indian manufacturers: ReportChinese hot-rolled coil (HRC) steel prices have risen, shifting Indian domestic HRC prices from a premium to a discount. This may provide r...
08 Oct, 2024, 01.52 PM IST
Moderately valued’ metal stocks shine on boursesOn Monday, metal stocks rose, driven by moderate valuations and an anti-dumping investigation on Vietnamese hot-rolled coil imports. The Ni...
20 Aug, 2024, 07.20 AM IST
Amidst crippling western sanctions, Russian steel finds its way to Indian shoresSteel from Russia has landed on Indian shores, according to people aware of the development, much to the chagrin of domestic steelmakers, a...
17 Jul, 2022, 09.27 PM IST
Steel becomes costlier; companies hike rates by up to Rs 4,900/tonne in IndiaHRC and CRC are flat steel used in industries such as auto, appliances and construction. Hence, any rise in steel prices impacts the prices...
03 Jun, 2021, 03.42 PM IST
Indian steel exports to see a jump as China withdraws export rebates: ICRA“Given the strong demand, export rebate cuts, the Chinese Government’s intent to keep steel capacities under check…China may not have exces...
07 May, 2021, 07.11 PM IST
Extending minimum import price for flat steel too little, too late: ICRAOn expiry of the six months validity of the minimum import price levied on steel imports, government extended the MIP further by a period o...
08 Aug, 2016, 07.18 PM IST
India Ratings downgrades Uttam Galva Steels to defaultIndia Ratings downgraded Uttam Galva Steels to default, citing ongoing delays in debt servicing since February this year due to liquidity s...
22 Apr, 2016, 06.19 PM IST
Steel imports to dip in FY17; prices to rise Rs 3,400/tn: ICRAIndian steel imports will go down substantially in FY17 on the back of imposition of minimum import price while domestic steel prices are l...
12 Feb, 2016, 10.13 PM IST
Safeguard duty may provide temporary relief to steel sectorThe proposed duty of 20 per cent would be applicable on import of hot-rolled flat products of non-alloy and other alloy steel with a width ...
14 Sep, 2015, 06.46 PM IST
- China’s steel prices up 20% on output cuts, festive demand
Thanks to a spate of production cuts, prices of steel products, such the benchmark hot-rolled coils, in the key Chinese market have shot up...
25 Dec, 2008, 02.30 AM IST
- HRC sales may bypass trader channels
In yet another exercise to control steel prices, the government may ask primary steelmakers such as SAIL, Tata Steel, JSW Steel etc. to sel...
25 Jul, 2008, 01.52 AM IST
- Export duty gives a leg-up to local steel output
Steelmakers have decided to cut down exports significantly in the wake of 15% export duty imposed on hot-rolled coils (HRCs).
30 May, 2008, 03.19 AM IST
- Secondary steel makers cut prices on lower duty
Secondary steel producers, including Delhi-based Bhushan Steel and Mumbai-based Uttam Galva, have decided to cut down the prices of cold-ro...
06 May, 2008, 05.21 AM IST
- Export levy grip on steel may loosen
The government is considering to exempt cold rolled coils (CRC), galvanised products and tubes & pipes from the levy of 10% export duty if ...
05 May, 2008, 03.34 AM IST
- Essar Steel may shelve $1.9 bn plant in Indonesia
Essar Steel may shelve plans to construct a 1.9 billion dollar plant in Indonesia following an adverse ruling by the country's anti-dumping...
20 Nov, 2007, 08.49 PM IST