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Searched Tag: indian steel industry

Cold-roll steel forming is a manufacturing process to shape steel into complex profiles and components, enabling the production of structural and aesthetic components used in a wide range of industries – from construction and agriculture to automotive and infrastructure

Export high-value items that face lower duties: Steel industry

November 5, 2025, 01:57 PM - 3 min read

High US tariffs of 50 per cent on Indian steel have dented exports, causing alarm among domestic producers who’re also battling lowering prices due to increased imports from China

Pointing out to the problem of plenty in countries like China, which are dumping cheap quality steel products in India, Poundrik said over-production in such nations impacts prices in countries like ours

Low steel prices posing problems for small producers: Secretary

November 4, 2025, 06:06 PM - 3 min read

Five years ago, the prices of steel were higher than what they should have been, and today, the prices of steel are so low that they’re harming small players, said Steel Secretary, Sandeep Poundrik

Under the first two rounds, the PLI scheme attracted a committed investment of ₹43,874 crore, with ₹22,973 crore already invested, and over 13,000 jobs created under the first two rounds, the ministry said

PLI scheme-backed investments extended to 'specialty steel'

November 4, 2025, 03:45 PM - 2 min read

Steel Minister HD Kumaraswamy launched the third round of Production Linked Incentive (PLI) Scheme for specialty steel, which was approved by the Cabinet in 2021 to increase production of high-value and advanced steel grades

India’s steel exports last year were roughly 4.5 MT, which is only about 3 per cent of the total domestic production, which categorises it as a small sector when it comes to exports

Domestic demand buffering Indian steel ind from US tariff impact

September 17, 2025, 07:38 PM - 2 min read

Steel Secretary, Sandeep Poundrik, said on Wednesday the Indian steel industry won’t be impacted significantly by high tariffs imposed by the US on Indian exports since steel exports to the US are not much and domestic consumption is robust

Limited quantities of low-grade iron ore are used for pellet manufacturing, but the majority remains unutilised, posing environmental challenges and restricting scientific and sustainable mining since fines cannot be removed from mining lease areas unless exported

FIMI urges govt not to impose export duty on low-grade iron ore

September 13, 2025, 05:06 PM - 3 min read

In a recent letter to Commerce and Industry Minister Piyush Goyal, the Federation of Indian Mineral Industries (FIMI) has urged that there be no export duty levied on low-grade iron ore so that it may be utilised and monetised appropriately

India mainly imports stainless steel, hot-rolled coil, plates, electrical sheets, galvanized plain or corrugated sheets, pipes, bars and rods from Beijing. Oversupply from the neighbouring country had disrupted global markets already

India may impose 3-yr tariff on some steel imports

August 19, 2025, 07:42 PM - 3 min read

The Indian government is mulling imposing a safeguard duty of 11-12 per cent on selected steel products to curb unbridled steel imports, especially from China

Indian steel, aluminium industry on edge, again

May 31, 2025, 04:53 PM - 2 min read

On May 30, Trump announced that he would double the existing 25 per cent tariffs on steel and aluminium imports from June 4, sending new waves of disappointment in the industry.