Search For "steel imports"
How to Import Steel in India: A Complete Guide for Steel Importers
Updated : 2 months, 2 weeks ago IST
New Delhi [India], February 18: India is the world's second-largest producer of crude steel, yet the country imports significant volumes every year. In the fiscal year 2024, steel imports crossed 8.3 million metric tonnes, driven by surging demand from construction, infrastructure, and autom
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India's safeguard duties lift steel import parity, domestic demand key for
Updated : 4 months, 3 weeks ago IST
India's extension of safeguard duties on select steel products will set a pricing floor for imports, but its effectiveness in supporting higher prices ultimately hinges on a recovery in domestic demand, according to a report by S&P Global Ratings.
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Safeguard duty spurs upgrade as ICICI Securities sees Steel EBITDA rising
Updated : 5 months ago IST
ICICI Securities noted that EBITDA per tonne for spot steel has already risen by Rs 2,500-3,000, with a sharper improvement expected from Q4FY26 onwards, following a weak third quarter.
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India imposes up to 12% safeguard duty on select steel flat product import
Updated : 5 months ago IST
The government has imposed a safeguard duty on certain non-alloy and alloy steel flat products to protect the domestic steel industry from a sharp rise in imports, according to an official gazette notification issued by the government on Tuesday.
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Import curbs on Low Ash Metallurgical Coke raise steel prices in India: GT
Updated : 5 months, 1 week ago IST
"While the government protects domestic steelmakers through high safeguard and anti-dumping duties and Quality Control Orders on finished steel imports, it simultaneously restricts access to Low Ash Metallurgical Coke (LAM Coke), a non-substitutable input that accounts for 35-40% of steel pr
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Safeguard import duties on steel could cripple auto, engineering, and cons
Updated : 9 months, 2 weeks ago IST
The three-year safeguard duty on steel imports by Directorate General of Trade Remedies (DGTR) could cripple the auto, engineering, and construction sectors by pushing up input costs and squeezing downstream users, stated a report by the Global Trade Research Initiative (GTRI).
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Ministry of Steel grants BIS exemption to 202 foreign steel manufacturers
Updated : 9 months, 3 weeks ago IST
The Ministry of Steel has announced an important step to ease the import process for steel products by granting exemptions to 202 BIS (Bureau of Indian Standards) licenses from mandatory adherence requirements on the Steel Import Monitoring System (SIMS) portal.
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India Steel Conclave 2025: Industry Experts hail 12% safeguard duty tax, s
Updated : 9 months, 3 weeks ago IST
The 12 per cent safeguard duty on steel imports is hailed as a strategic move by Industry leaders at the India Steel Conclave 2025.
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New steel import rule could disrupt supply chains and impose heavy complia
Updated : 11 months, 2 weeks ago IST
The recent regulation by the Ministry of Steel has the potential to disrupt supply chains and may impose heavy compliance costs on India's micro, small, and medium enterprises (MSMEs), according to a report by the Global Trade Research Initiative (GTRI).
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Nifty, Sensex open weak despite strong GDP and GST numbers, dragged by Tru
Updated : 12 months ago IST
Indian stock markets kicked off the fresh week on a negative note, weighed down by global concerns despite strong domestic GDP figures.
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Indian steel makers should prefer domestic suppliers over imports for long
Updated : 1 year, 1 month ago IST
"You should see your supply chains. Wherever there is an Indian supply, you will give preference to that Indian supply, and not conveniently import your requirements to the detriment of some other Indian company or manufacturer," the minister said.
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Naveen Jindal Welcomes 12% Safeguard Duty on Steel Imports as a Milestone
Updated : 1 year, 1 month ago IST
New Delhi [India], April 22: In a decisive move to shield its domestic steel industry from a surge of low-priced imports, the Indian government has imposed a 12% safeguard duty on certain flat steel products for 200 days, effective April 21, 2025. This temporary measure aims to curb the infl
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