India Steel Industry News - Latest Updates & Headlines
India imposes up to 12% safeguard duty on select steel flat product imports from April 2025 to 2028
New Delhi, December 31: 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.
Import curbs on Low Ash Metallurgical Coke raise steel prices in India: GTRI
New Delhi, December 26: The import curbs on Low Ash Metallurgical Coke, which accounts for 35-40% of steel production costs, raise steel prices in India, Global Trade Research Initiative said in a report on Friday.
India's steel sector mirrors country's broader economic transformation: Minister
New Delhi, Dec 19: India’s steel sector mirrors the country’s broader economic transformation and has emerged as a pillar of growth, resilience and global integration, according to Union Minister for Steel and Heavy Industries, HD Kumaraswamy.
Hydrogen to replace natural gas in India's steel sector decarbonisation drive, boost global competitiveness: Union Steel Secretary Poundrik
New Delhi, November 4: With hydrogen prices declining faster than anticipated, India could see hydrogen becoming a viable alternative to natural gas within the next five to ten years, making this route central to the country's decarbonisation and global competitiveness goals, according to Union Steel Secretary Sandeep Poundrik.
Govt aims to increase steel exports ten fold to 50 million tonnes in couple of years: Piyush Goyal
New Delhi September 10: The government is targeting to increase the exports of steel manifold to whopping 50 million tonnes in couple of years from 4 million tonnes currently, Minister of Commerce Piyush Goyal said .
Domestic steel industry needs to maintain global standards to become world leader: Commerce Joint Secy
New Delhi 9 September: The Government urged domestic steel producers to meet and maintain global standards to provide a thrust to the sector.
Green steel push needs govt backing on demand, funding, say industry leaders
New Delhi, August 22: With India's steel sector responsible for nearly 350 million tonnes of COâ‚‚ emissions annually, industry leaders on Friday said the transition to low-carbon steel hinges on government creating demand through procurement mandates, besides providing financial support and policy certainty.
JSW Steel, South Korea's POSCO Group sign pact to explore 6 MTPA plant in India, possibly in Odisha
Mumbai, August 18: JSW Steel and South Korea's POSCO Group have signed a non-binding Heads of Agreement (HoA) to jointly explore the establishment of a 6 million tonnes per annum (MTPA) integrated steel plant in India, as per a joint statement on Monday.
Infrastructure, construction sector leads steel demand in India, Government projects key contributor: Industry Experts
New Delhi, July 25: According to market experts, 65 per cent of steel produced in India is consumed by the infrastructure and construction sector, with 25-30 per cent of that used specifically in government projects.
Growth rate of India's steel production outpaces China's: Report
Mumbai, June 26: India’s steel industry is rapidly advancing toward the government’s target of achieving 300 million tonnes per annum (MTPA) of crude steel capacity by FY2030-31, according to a private sector report released on Thursday.
Green hydrogen presents transformative opportunity to decarbonise India's steel sector: Report
New Delhi April 23: India is making substantial strides in clean energy transition by investing in green hydrogen infrastructure, shifting from carbon-intensive hydrogen production methods to renewable-powered green hydrogen through electrolysis.
US steel tariffs: India takes key steps to safeguard domestic manufacturers
New Delhi, March 12: The government said it has taken several steps to safeguard the domestic steel manufacturers and to strengthen competitiveness of India's steel industry, as the US announces imposition of 25 per cent tariff on steel and aluminium products on most favoured nation (MFN) basis from March 12.
India to outpace major steel-consuming economies with 8-9% demand growth in 2025: CRISIL
New Delhi, January 12: India will continue to outpace other major steel-consuming economies in calendar year 2025 with a demand growth of 8-9 per cent, CRISIL's Market Intelligence and Analytics report said.