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STEEL IMPORT SUBSTITUTION
Quote of the Day by the financial titan J.P. Morgan: 'When you expect things to happen – strangely enough...'- Lessons on vision, success and the power of belief by the most powerful financier, who dominated corporate finance on Wall Street in American historyJ.P. Morgan, the financier, posited that expectation serves as a powerful driver of success. His belief, 'When you expect things to happen ...- India Inc wary of fresh trade headwinds as US weighs additional 12.5% tariffIndia faces a potential 12.5% US tariff on imports following a Section 301 investigation into forced labor import prohibitions. Industry le...
- The new man of steel! India seen filling the void China may leaveIndia Steel Industry Growth 2026: Global steel demand is shifting from China to India and Southeast Asia. India's steel consumption is low,...
- Centre seeks states' bids for 50 industrial parks in 4 months, eyes rollout in 3 years: Piyush GoyalIndia is launching the Bhavya scheme to establish 100 industrial parks nationwide. Applications for the first 50 parks will be invited from...
- Tata Steel CEO TV Narendran cautiously optimistic; sees strong Q1 ahead as steel prices rise across India, UK, & EuropeTata Steel CEO TV Narendran flags multi-point cost pressure from the West Asia crisis but says the company has so far recovered most input ...
- Coal gasification can raise India's resource security amid decarbonisation uncertainties: ReportWhile coal gasification presents uncertain decarbonisation outcomes, it can play a crucial role in strengthening the country's raw material...
- 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 ...
- Aluminium and copper to stay elevated, steel risky: CLSA's top metals and cement calls for FY27Base metals like aluminium and copper present significant opportunities, according to CLSA India's Indrajit Agarwal. Steel faces near-term ...
- Steel panel meets companies on import substitution of high-value productsIn a bid to bolster local industry, a parliamentary committee is advocating for the domestic production of essential steel components. Lead...
- Ministry of Steel calls stakeholders meeting to discuss issues related to importsJoin us for the Ministry of Steel’s Open House on October 27, 2025, where industry leaders can voice their concerns over steel imports. Thi...
- Import of coal by non-regulated sectors, domestic thermal power plants drops in April-SeptemberIndia's non-regulated sectors, including power plants, significantly reduced coal imports by 9.83% during April-September 2024, signaling a...
- PLI 2.0 in works for steel, to focus on import substitutionCompanies participating in the first phase of the PLI scheme for the sector have committed to an investment of ₹29,530 crore, with a downst...
- Power plants, non-regulated sector consumers agree to substitute imported coal with CIL supplySouthern India power plants and NRS consumers, who are importing coal at present, have been approached based on the logic that MCL's coal i...
- Essar Steel forays into defence manufacturing sectorEssar Steel's import substitute products have been used in the construction of advance naval destroyers, offshore patrol vessels and floati...
- Domestic steel makers push for continuation of minimum import priceThe protectionist measure, introduced by the government in February on 173 steel items for six months, is due to end on August 5.
- Domestic steel makers push for continuation of minimum import priceThe protectionist measure, introduced by the government in February on 173 steel items for six months, is due to end on August 5.
- Rosy outlook for steel sector augurs well for MOILHealthy growth in steel production over the next few years and a good opportunity to substitute imported manganese ore will directly benefi...
- Domestic steel players likely to see better EBIDTA marginsMargins for domestic steel players is estimated to rise between FY13-FY15 due to improving spread between steel prices and input costs.
- India to turn exporter of Steel: SurveyThe proposed capacity addition would outstrip cumulative 9.5 mt demand growth and net import substitution of around 5 mt.
- Global prices may nullify nickel duty cut gainsThe FM’s announcement of a duty cut on nickel from 5% to 2% is unlikely to benefit domestic stainless steel players.
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