According to data released on March 20, India’s core sector growth fell precipitously to a three-month low of 2.3% in February from 4.7% in January, driven down by weaker electricity generation and ongoing declines in oil and gas output. Since two-fifths of the Index of Industrial Production is made up of the eight infrastructure sectors—coal,…
India has imposed an anti-dumping duty on certain steel shipments from Vietnam, following a year-long investigation into potential threats and injury to India’s domestic steel sector. The duty targets hot-rolled flat products of alloy or non-alloy steel from the Southeast Asian nation. The ministry stated that the domestic steel industry has suffered significant injury due…
The amount of completed steel that India imported in April 2025 was 0.5 million metric tons, a decrease of 11.3 percent from the previous year. In addition, India’s completed steel exports saw a significant drop in the same month. India is the world’s second-largest producer of raw steel. A 12 percent levy on steel imports…
To shield the domestic industry from low-cost imports, the commerce ministry’s Directorate General of Trade Remedies (DGTR) has suggested imposing a 12% temporary safeguard levy on a few steel items. The Ministry of Finance will make a final decision. The DGTR stated in a notification that there are crucial situations in which any postponement of…
According to ICRA, the domestic steel industry is facing new challenges and looking for opportunities as a result of US President Donald Trump’s recent announcement to raise tariffs on imports of steel and aluminum significantly and to cancel exemptions and duty-free quotas for major suppliers like Canada, Brazil, the European Union (EU), Mexico, South Korea,…
Manufacturer of steel tubes and pipes Hi-Tech Pipes received an order for ERW steel pipes worth Rs 105 crores from clients in the renewable energy industry. The company claims that within the next three months, its newly constructed, state-of-the-art facility in Sanand, Gujarat, with its enhanced technology, would help meet this demand. Solar power plants,…
On Wednesday, the Supreme Court denied a request to modify its June 25 decision, upholding state governments’ legislative authority to impose taxes on mineral rights and mineral-bearing lands in addition to royalties with future effect. This authority also permits these levies to be collected from “mining firms and the Center” as of April 1, 2005….
Due to the statistical impact of a high base, the growth of “core sectors” decreased to 5.2% in March from 7.1% in February, according to figures issued by the trade ministry on Tuesday. On the other hand, the output of eight key industries increased sequentially in March by 9.9%, the highest rate in a year….
According to the World Steel Association (World Steel), India’s crude steel production increased by 4.1 percent to 11.2 MT in May 2023, despite a 5.1% decline in global output to 161.6 MT. Chinese crude steel production in May totaled 90.1 MT, maintaining its position as the world’s top producer of steel despite a 7.3 percent…
Despite being a net exporter of steel, India saw a rise in imports of this important commodity for infrastructure in FY23 of over 45%. In the past three years, this rise ranks among the largest. The greatest imports during the past few years, since India became a net exporter of steel, were in FY20 at…
