Steel Industry

India fears Sino-US trade war will lead to dumping of Chinese steel; domestic industry asks govt to hike duties to 25%

India, the world’s second-largest steel producer, turned net importer in the year ended 31 March 2019 after a gap of three years.

China's HBIS to buy Southeast Asian holdings from Tata Steel; firm eyes to expand overseas capacity

NatSteel and TSTH have combined steel production capacity of around 3.7 million tonnes per year and assets in Singapore, Thailand, Vietnam and Malaysia.

Bhilai Steel Plant blast: Official inquiry raises red flag, says proper maintenance procedures were not followed

On 9 October, a massive explosion at the Bhilai steel plant left twelve workers dead. Thirteen other people sustained 80 percent burn injuries.

JSW Steel to invest up to $500 million to acquire, upgrade US-based steel manufacturing unit Acero Junction Inc

In phase 1, JSW will revamp and restart the electric arc furnace and the slab caster, and modernise the hot strip mill.

Budget 2018: Secondary steel makers demand removal of import duty on scrap

Secondary steel industry body All India Induction Furnaces Association (AIIFA) has urged the government to remove 2.5 percent import duty on steel melting scrap in the upcoming budget.

China investment growth slows to near 18-year low; output, retail also falter

The Chinese statistics bureau said hot weather and “structural adjustments” weighed on industrial output last month

Govt says domestic steel markets need to be protected from unfair competition

On 3 May, the government approved the National Steel Policy that aims to achieve steel making capacity of 300 million tonnes by 2030

Govt bailout for telecom may not be a smart idea; M&As signal better days not too far away

A tough call for the government. If it ignores what the incumbents are saying, then the banking sector stress worsens. If it agrees to all the demands of telcos, then again it suffers a significant revenue loss

India now the second largest stainless steel producer after China, surpasses Japan: Report

India's stainless steel production rose to 3.32 million tonnes for 2016, showing an impressive growth of about 9 percent over three million tonnes achieved in 2015

Steel policy proposes to boost coking coal supply, 300mt output

The Steel Ministry has sought comments on the draft from stakeholders, public and others by January 23.