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Steel imports News

07 Mar 2016

Steel consumption drops in Feb, first time since Nov 2015

India's domestic steel consumption in February fell for the first time in the last three months by almost 2 percent to 6.84 mt, something that doesn't augur well for the industry, which is banking on demand to pick up to spur growth

08 Feb 2016

India to soon decide on extending safeguard duty on steel imports

India will soon take a decision on extending the safeguard duty on steel imports.

17 Sep 2015

Steel safeguard duty to improve domestic cos' profits: Moody's

Moody's on Thursday said the 20 percent safeguard duty on some variants of steel imports is credit positive for domestic producers and will improve their profitability.

08 Sep 2015

India mulls safeguard duty on steel imports

The government is likely to soon impose safeguard duty on imports of certain types of steel as it has found prima-facie evidence that surge in imports is hurting domestic producers.

08 Jul 2015

India's push to curb steel imports could hit its small mills

Steps by India to protect its large steelmakers from a flood of cheap imports could end up closing scores of small, local firms that process the metal, industry analysts and executives said.

31 May 2015

Steel, aluminium players want action against Chinese dumping

Many domestic players like Tata Steel, JSW Steel and Hindalco have seen their profits come under pressure in the March quarter. The worrying part for them is the risk of a spike in low-cost imports, as Chinese firms push their excess production to global markets.

26 Feb 2015

Tata Steel hopes Budget to take steps to arrest rising imports

Tata Steel on Thursday said it expects Finance Minister Arun Jaitley will take necessary measures in the upcoming Union Budget to rein in rising steel imports for making the domestic industry competitive.

India-Japan FTA

16 Jul 2014

FTAs with Japan,S Korea resulted in cheaper steel imports: Sai

Free trade agreements (FTA) with Japan and South Korea have resulted in cheaper imports of steel and has not impacted the domestic production, Parliament was informed today.

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