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STEEL INDUSTRY CONCERNS INDIA
Odisha signs pact with Japanese co, ACME Group for Rs 67,000-cr investmentOdisha has inked a significant Memorandum of Cooperation with ACME Group and Japan's IHI Corporation, committing an investment of Rs 67,000...- JSW Steel starts work on Rs 16,350 crore Andhra Pradesh steel projectJSW Steel has initiated construction on a significant 2 million tonne steel plant in Andhra Pradesh, a project valued at over Rs 16,350 cro...
- EU's CBAM poses major compliance challenge for Indian MSMEs; Experts seek urgent government supportIndian MSMEs are struggling with the EU's Carbon Border Adjustment Mechanism, facing compliance hurdles due to a lack of financial and tech...
- Andhra Pradesh CM Chandrababu Naidu launches JSW's Rs 16,350 crore steel plant in KadapaAndhra Pradesh Chief Minister N. Chandrababu Naidu has inaugurated the construction of the JSW Rayalaseema Integrated Steel Plant in Kadapa...
- Coal gasification pilot yet to take off despite ₹6,233 cr incentivesNearly a year after awarding ₹6,233 crore for coal gasification projects, none have progressed beyond planning. Despite multiple task force...
- EU issues new steel, e-commerce regulations to reduce trade imbalance with ChinaThe European Union has introduced new measures to protect its steel industry and curb e-commerce imports from China, aiming to address a si...
- AM/NS takes over banks' claims linked to Essar Group promoters' personal guarantees"Banks had claims attached to the personal guarantees issued by the Essar promoters which was linked to the Essar Steel resolution. AM/NS' ...
- Stainless steel industry seeks end to QCO relief from July 1India's stainless steel makers are urging the government to reinstate strict quality control norms from July 1, warning that a temporary re...
- EU unveils new steel import quotas to protect its industry from overcapacity, reserves half for FTA partnersThe European Commission has implemented new quotas to curb duty-free steel imports, aiming to bolster the EU's steel sector and boost capac...
- VMS TMT board clears AUSL merger with companyVMS TMT has announced its board has approved the merger with TMT bars maker Aditya Ultra Steel Ltd (AUSL). This strategic amalgamation aims...
- Govt plans Rs 5,000 crore scheme in 3 months to promote green technologies in steel sectorThe Indian government is set to launch a Rs 5,000 crore scheme within three months to boost clean technologies in steelmaking, aiming to sl...
- India seeks EU scrap export relief as curbs threaten trade pact gainsIndia has urged the European Union to reconsider planned restrictions on metal scrap exports. Steel and aluminium producers fear these curb...
- Capacity augmentation, value-added applications critical for making India leader in stainless steel productionWith a growing domestic market and potential in sectors like green hydrogen and pharmaceuticals, India aims to be a manufacturing and innov...
- FEMA rules revision: Exporters flag at least half-a-dozen worriesIndian exporters are urging the Reserve Bank of India to reconsider revised FEMA regulations, citing potential disruptions to trade and liq...
- India initiates anti-dumping investigation into steel imports from China, Japan, RussiaIndia has launched an anti-dumping investigation into hot rolled steel imports from China, Japan, and Russia. JSW Steel and Jindal Steel al...
- Anti-dumping duty on electrical steel may push transformer costs, impact grid expansion: GTRIA potential anti-dumping duty on crucial cold-rolled grain-oriented electrical steel (CRGO) imports could significantly hike transformer ma...
- Stainless steel sector MSMEs flag import surge, urges govt to reintroduce quality control orderIndian stainless steel MSMEs are urging the government to reinstate a quality control order after its suspension led to a surge in cheap Ch...
- Industry must adopt emerging tech to boost productivity, remain competitive: Steel MinisterUnion Steel Minister HD Kumaraswamy has urged the Indian steel industry to embrace emerging technologies like AI and IoT to boost global co...
- India launches anti-dumping probe into electrical steel imports from China, 3 other nationsIndia has launched an anti-dumping investigation into electrical steel imports from China, Japan, Korea, and Russia. This move, prompted by...
- India will monitor Chinese steel imports before deciding on further curbs, source saysIndia is closely watching steel imports, particularly from China, for another two months before deciding on further actions. Despite a thre...
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