Mangalam Worldwide, a stainless-steel manufacturer, reported an impressive 81% surge in consolidated net profit to Rs 15.37 crore for the q...

Decarbonizing heavy industry is less about clean energy and more about long asset cycles that lock in emissions for decades. The real oppor...

Jindal Stainless has commissioned a 1.2 million tonnes stainless steel melt shop in Indonesia, boosting its total annual melting capacity t...

Jindal Stainless has urged the government to abolish import duties on essential raw materials like molybdenum ore and maintain zero duties ...

In her budget speech, the finance minister proposed to continue the exemption from basic customs duty (BCD) on raw materials for manufactur...

The domestic stainless steel manufacturing industry meets the bulk of its nickel requirements through ferronickel and stainless steel scrap.

Finance Minister Nirmala Sitharaman is scheduled to present the Union Budget for FY2022-23 on February 1, 2022. In its budget recommendatio...

Ahead of the Budget, the Indian Stainless Steel Development Association (ISSDA) has urged the government to remove import duty on ferro-nic...

Since stainless steel manufacturing is heavily dependent on imported raw material, the company has come up with the use of materials like n...

ISSDA has said in a submission to the government that ferro-nickel and stainless steel scrap attract an import duty of 2.5% each and are un...

ISSDA said that the decision of the government to continue levying import duty on ferro-nickel and stainless steel scrap will act as deterr...

Steel experts too believe that the landed price of raw materials is an important area to focus on.

The steel ministry had already made a request to the finance ministry in this regard, Steel Secretary Aruna Sharma said.

While it welcomed the move to remove basic customs duty on nickel it pointed out that a major part of the stainless steel industry's demand...

The steel industry today demanded withdrawal of 2.5 per cent import duty imposed on melting and stainless steel scraps.

Since 2003, import duty on melting steel scrap was nil, while on stainless steel scrap, the duty was reduced to zero in the Budget of 2011.

The Budget has proposed to cut duty on scrap to 0 from 2.5% and that on ferro nickel to 2.5% from 5%.