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AUTOMOTIVE STEEL SCRAP
Automakers' joy ride hits a big cost hurdleRising input costs and freight charges, driven by the West Asia crisis, are pressuring automakers to increase vehicle prices. This surge in...- ELV rules make auto sector non-compliant; FY26 scrap target missed by 70%Industry executives blame an 'unrealistic policy' after a rule change disallowed using other steel scrap for compliance. This makes meeting...
- India–New Zealand sign 'once-in-a-generation' FTAIndia and New Zealand signed a “once-in-a-generation” free trade agreement on Monday that gives New Delhi duty-free access to 100% of tarif...
- Supply woes spur call for easing quality curbs on critical importsIndian industries are seeking relaxed quality control rules. This move aims to secure vital components from alternative sources like China....
- Stocks in news: SBI, JSW Energy, JSW Steel, Rashtriya Chemicals, Tata SteelFueled by positive global cues, markets saw gains, spotlighting key developments for SBI, JSW Steel, and Rashtriya Chemicals. Tata Steel's ...
- Novelis Q3 Results: Net income down 9% YoY to $110 million, sales rise 4%Novelis Q3 Results: Novelis Inc, Hindalco’s subsidiary, reported a 9% YoY drop in Q3 net income to $110 million, with adjusted EBITDA down ...
- JSW Steel, POSCO to invest $7.7 billion in Odisha steel plant, sources sayJSW Steel and POSCO have announced a $7.73 billion investment plan to build a steel plant in Odisha, India. The plant will initially produc...
- Govt working to make India a global automobile manufacturing hub: Union Minister Nitin Gadkari"The auto sector gives direct and indirect employment to around 4 crore people and this number is expected to grow to 5 crore by 2025. I am...
- Auto component sectoral body welcomes govt's push on exports, manufacturing, local value additionSunjay J Kapur, President, ACMA, said, "The Budget is a blueprint of a digitally-enabled Aatmanirbhar Bharat, coupled with measures that wi...
- Nitin Gadkari looks at tax sops for those scrapping old CVsMinister for road, transport and highways Nitin Gadkari said he has consulted with the minister for steel, Jyotiraditya Scindia, regarding ...
- For a more holistic scrappage policyA vehicle scrappage policy that looks only at the automobile sector for its impact is not particularly useful.
- PLI scheme for specialty steel a game changer, to boost domestic output: GovtOn the issues being faced by the domestic steel sector, Minister of State for Steel Kulaste told PTI, "The challenge is to develop Indian s...
- SAIL awaits ArcelorMittal response to take JV plans forwardWhen asked about chances of the JV plans getting scrapped with ArcelorMittal all set to enter India after winning Essar Steel, SAIL Chairma...
- Premal Desai to be the new chairman of the company’s Executive Board: Thyssenkrupp Steel EuropeElevation of Desai will follow the resignation of Andreas Goss.
- Bad debt is not a bother anymore: Chaudhary Birender Singh, Steel MinisterIntegrated steel-making is not the only way to achieve the 300-MT target. The secondary steel producers are more important. said, Chaudhary...
- Liberty House emerges as top bidder for Amtek AutoSources said the bids were discussed with the lenders on Tuesday and the committee of creditors is expected to announce its decision toward...
- Government mulls setting up scrap-based steel plants"We are examining the feasibility of setting up scrap-based steel plants," Steel Minister Chaudhary Birender Singh said during Make in Stee...
- Metal recycling industry wants government to draft a new policy for sectorThe industry is set to register an annual growth of 11.4 per cent till the year 2020 as per a recent report on metal recycling sector.
- Government will look into import duty on scrap, FTAs: Vishnu Deo Sai, MinisterThe Mines Ministry will look into the issue of import duty on scrap, special additional duty and trade pacts with countries, Union Minister...
- Budget 2014: Aluminium to benefit from hike in bauxite export dutyAnother proposal in the budget this year is to reduce duty on ship breaking scrap from 5% to 2.5%. This will be useful for the domestic ste...
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