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STAINLESS 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...- Mangalam Worldwide’s board approves 1:10 stock split as smallcap rises 120% in a yearMangalam Worldwide has approved a 1:10 stock split, under which each equity share with a face value of Rs 10 will be subdivided into 10 sha...
- New steel policy in works as India shifts focus to premium and green steelIndia is developing an innovative steel policy aimed at redefining the industry landscape by 2035 and 2047. This initiative will establish ...
- Mangalam Worldwide Q4 net profit grows to Rs 15 croreMangalam Worldwide, a stainless-steel manufacturer, reported an impressive 81% surge in consolidated net profit to Rs 15.37 crore for the q...
- Industrial decarbonization hinges on capital cycles, not just clean energy: Jindal Stainless' Kalyan BhattacherjeeDecarbonizing heavy industry is less about clean energy and more about long asset cycles that lock in emissions for decades. The real oppor...
- Jindal Stainless commissions 1.2 MTPA stainless steel melting shop project in IndonesiaJindal Stainless has commissioned a 1.2 million tonnes stainless steel melt shop in Indonesia, boosting its total annual melting capacity t...
- FY26 Budget: Jindal Stainless wants nil import duty on molybdenum ore, other raw materialsJindal Stainless has urged the government to abolish import duties on essential raw materials like molybdenum ore and maintain zero duties ...
- Exemption on ferrous scrap saving grace for stainless steel sector: JSL MDIn her budget speech, the finance minister proposed to continue the exemption from basic customs duty (BCD) on raw materials for manufactur...
- Steel ministry seeks duty-free import of ferronickelThe domestic stainless steel manufacturing industry meets the bulk of its nickel requirements through ferronickel and stainless steel scrap.
- FICCI seeks zero customs duty on ferronickel; higher import levy on stainless steel flat products in BudgetFinance Minister Nirmala Sitharaman is scheduled to present the Union Budget for FY2022-23 on February 1, 2022. In its budget recommendatio...
- Stainless steel industry seeks zero duty on ferro-nickel, scrap in upcoming BudgetAhead of the Budget, the Indian Stainless Steel Development Association (ISSDA) has urged the government to remove import duty on ferro-nic...
- Jindal Stainless turns to domestic suppliers to cut down on imported raw materialsSince stainless steel manufacturing is heavily dependent on imported raw material, the company has come up with the use of materials like n...
- ISSDA seeks custom duty relief on raw materials importsISSDA 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...
- Budget 2018 leaves stainless steel industry disappointedISSDA said that the decision of the government to continue levying import duty on ferro-nickel and stainless steel scrap will act as deterr...
- Can Arun Jaitley show some mettle for the steel sector in this Budget?Steel experts too believe that the landed price of raw materials is an important area to focus on.
- Budget 2018: Stainless steel industry seeks removal of import duty on raw materialsThe steel ministry had already made a request to the finance ministry in this regard, Steel Secretary Aruna Sharma said.
- Budget overlooks plight of stainless steel industry: ISSDAWhile 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...
- Steel industry seeks withdrawal of import duty on scrapThe steel industry today demanded withdrawal of 2.5 per cent import duty imposed on melting and stainless steel scraps.
- Govt imposes import duty on steel, aluminium, brass scrapsSince 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.
- Union Budget 2011: Abolition of import duty on stainless steel to lower production costThe Budget has proposed to cut duty on scrap to 0 from 2.5% and that on ferro nickel to 2.5% from 5%.
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