Steel Industry News
India slaps anti-dumping duty on Vietnamese steel—but the hit may be soft
India’s new anti-dumping duty on Vietnamese hot-rolled coils aims to protect local producers, but importers are already bypassing tariffs through semi-finished steel shipments.
3 min read13 Nov 2025Jindal Steel management churn: New CEO calms investor nerves, says he tends to 'stick around'
Over the last five years, Jindal Steel has seen the departure of five top executives after relatively short stints. This dented investor sentiment, and the new CEO’s immediate challenge will be to restore confidence and signal stability at the top.
4 min read30 Oct 2025NMDC Steel Q2 loss narrows to ₹114 crore
NMDC Steel on Wednesday reported narrowing of net loss to ₹114.78 crore for September quarter FY26, driven by increase in revenues.
1 min read29 Oct 2025Mint Explainer: Tata Steel goes Dutch with Netherlands govt to cut emissions. What does it mean?
Tata Steel has signed a non-binding agreement with the Netherlands government to receive up to €2 billion to cut emissions at its plant in IJmuiden, a project that will cost €4 -6.5 billion in total, according to the government. What does the deal mean for the company and investors?
4 min read30 Sep 2025MSME steel importers seek govt exemption on paid-for imports as prices rise
MSME steel importers are seeking a government exemption from a new quality control order and BIS approval requirements, arguing the mandate has fuelled a sharp spike in prices and left their businesses in financial jeopardy.
2 min read22 Sep 2025India’s coking coal imports to jump 42% by 2030 on steel demand, says report
A new report warns that even as domestic output doubles, India will remain heavily reliant on imported coking coal to meet its ambitious steel capacity target of 300 million tonnes.
2 min read10 Sep 2025Morgan Stanley initiates tactical call on JSW Steel; sees an over 80% chance of outperforming broader markets
Morgan Stanley predicts JSW Steel's shares may outperform the market in the next 60 days, initiating an ‘overweight’ rating with a target of ₹1,300. They foresee an 18% upside, supported by domestic demand and favorable global conditions.
2 min read9 Sep 2025Steel industry backs 12% safeguard duty amid global oversupply pressures
The domestic steel industry see the newly imposed 12% safeguard duty as adequate protection against cheap imports, even as intense competition and falling global prices weigh on margins.
3 min read8 Sep 2025Supreme Court orders status quo on Bhushan Power liquidation, allows JSW Steel to file review
The Supreme Court has halted the liquidation proceedings of Bhushan Power and Steel Ltd, allowing JSW Steel to file a review petition against a previous ruling that invalidated its ₹19,300 crore resolution plan. The NCLT has been directed to keep the matter pending until the court decides.
5 min read26 May 2025JSW Steel: Compensation from creditors enough to cover for Bhushan Power assets
JSW Steel said it has strong grounds for availing legal recourse after the Supreme Court rejected its resolution plan and acquisition of Bhushan Power.
3 min read23 May 2025Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared