Search result for 'steel products'

Bedi Steels to Begin Production at Ludhiana Rolling Unit - PTI

March 26, 2025 15:57

Bedi Steels is commissioning a new 70,000-tonne capacity steel rolling mill in Ludhiana, Punjab. The facility will manufacture round bars, square bars, hex bars, and flat bars for various industries.

India-US Trade Agreement: Focus on Market Access, Tariff Reduction

March 25, 2025 15:33

India and the US are planning a bilateral trade agreement aimed at increasing market access, reducing tariffs and non-tariff barriers, and strengthening supply chain integration.

Rs 17,000 Cr Investment in Speciality Steel PLI Scheme

March 24, 2025 20:02

25 companies commit Rs 17,000 crore investment under the second phase of the PLI Scheme for speciality steel, aiming to boost domestic production of high-grade steel.

India to Cut Steel Imports by 50% in FY26: Safeguard Duty Recommended

March 20, 2025 15:57

Experts predict a 50% reduction in India's steel imports in FY26 following a recommended safeguard duty. The move aims to protect domestic manufacturers and boost profitability.

India Recommends 12% Import Duty on Steel Products

March 19, 2025 20:12

India's commerce ministry recommends a 12% safeguard duty on certain steel imports for 200 days to protect domestic producers from a surge in imports. The decision faces opposition from downstream...

Steel Stocks Surge on Safeguard Duty Recommendation

March 19, 2025 10:57

Steel stocks rallied in early trade after the DGTR recommended a 12% provisional safeguard duty on certain steel products to protect domestic players from import surge. NMDC Steel jumped over 8%,...

Steel Import Duty: 12% Safeguard Duty Recommended for 200 Days

March 19, 2025 08:03

India's commerce ministry recommends a 12% safeguard duty on certain steel products for 200 days to protect domestic producers from import surge. The decision is pending final approval from the...

Rupee Strengthens to 87.03 Against US Dollar

March 13, 2025 09:46

The Indian rupee appreciated by 19 paise to 87.03 against the US dollar in early trade on Thursday, supported by positive macroeconomic data and a weaker American currency index. However,...

Govt Receives 73 Applications for Specialty Steel PLI Scheme

March 12, 2025 14:14

India's steel ministry received 73 applications under the second round of PLI scheme for specialty steel, aiming to boost domestic production and reduce reliance on imports.

Vedanta ESL Appoints Ravish Sharma as Deputy CEO

February 19, 2025 17:01

Vedanta ESL appoints Ravish Sharma as Deputy CEO, bringing over 20 years of experience in the metals industry. Sharma will lead the company's growth and expansion.

US Tariffs' Impact on India Limited, Says S''P

February 19, 2025 13:37

S''P Global Ratings says US reciprocal tariffs will have limited impact on India due to its domestic-oriented economy and reliance on services exports. India's GDP growth is projected at 6.7-6.8%...

Jai Balaji Q3FY25 Profit Drops 48% to Rs 120cr

February 11, 2025 20:50

Jai Balaji Industries reports a 48.7% decline in Q3FY25 net profit to Rs 120.42 crore, attributed to lower production volumes and subdued steel product realizations. Revenue also fell 3.42% YoY.

US Tariffs on Steel Worry Indian Stainless Industry

February 11, 2025 17:55

The Indian stainless steel industry is concerned about US tariffs, which they say will strain trade relations and affect the domestic market. The tariffs may divert Chinese and other Asian exports...

US Steel Tariffs: Challenges for Indian Producers - Moody's

February 10, 2025 14:55

Moody's warns Indian steel producers will face increased export challenges due to potential US tariffs on steel and aluminium imports. The move could escalate trade tensions.

India Steel Imports Surge 20% in Apr-Jan: Details

February 7, 2025 14:58

India's steel imports rose over 20% to 8.29 million tonnes in Apr-Jan, despite concerns over competitiveness. Learn about the impact on the domestic industry.

CCI Approves POSCO Deal: Stake Purchase in Pune Processing Center

February 4, 2025 19:36

India's competition regulator CCI has approved a deal between two POSCO entities involving the purchase of a stake in POSCO-India Pune Processing Center. The deal involves POSCO India Processing...

Bhutan PM to Attend Bengal Business Summit

February 3, 2025 19:36

Bhutan's Prime Minister Dasho Tshering Tobgay will be the special guest at the Bengal Global Business Summit (BGBS) 2025, focusing on trade relations and investment opportunities in West Bengal.

Steel Industry Awaits Protectionist Measures in Budget 2025

January 29, 2025 18:36

Indian steel makers are calling for protectionist measures in the upcoming budget, citing concerns about dumping. They are also seeking incentives and logistical support to maintain growth momentum.

Shyam Metalics Q3 PAT Surges 56% to Rs 197 Crore

January 28, 2025 16:42

Shyam Metalics and Energy Ltd reported a 56.3% rise in consolidated Profit After Tax (PAT) at Rs 197 crore for the quarter ended December 31, 2024.

FY26 Budget: Jindal Stainless Wants Zero Import Duty on Molybdenum Ore

January 27, 2025 15:50

Jindal Stainless has urged the government to eliminate import duties on molybdenum ore and other raw materials in the upcoming Union Budget 2025-26. The company believes this will boost the...

MSTC Sells FSNL to Konoike Transport: Strategic Disinvestment Complete

January 21, 2025 20:24

The Indian government has completed the strategic disinvestment of FSNL, a subsidiary of MSTC Ltd, by transferring full shareholding to Japanese company Konoike Transport Co Ltd.

ArcelorMittal Nippon Steel's Gujarat Plant Adds 2 Production Lines

January 19, 2025 17:43

ArcelorMittal Nippon Steel India to commission two production lines at its Gujarat plant for advanced automotive steel, reducing imports and supporting 'Atmanirbhar Bharat'.

JSW Steel Production Rises 2.3% in Q3

January 10, 2025 11:02

JSW Steel's consolidated crude steel production increased by 2.3% to 7.03 million tonnes in Q3 FY23, driven by growth in Indian operations. The company's Vijayanagar plant is ramping up production.

Tata Steel Crude Steel Production Rises 6% in Q3 FY25

January 7, 2025 22:03

Tata Steel's crude steel production increased by 6% to 5.68 million tonnes in Q3 FY25, driven by the commissioning of new blast furnaces at Kalinganagar. Deliveries in India also rose 8.4%...

Odisha Approves Rs 44,793 Crore Investments, Creates 23,000 Jobs

January 7, 2025 13:03

Odisha government approves Rs 44,793 crore investments across five sectors, generating over 23,000 jobs. Projects include refinery, green energy, and steel.

Steel Industry Assessment Urged Before Safeguard Measures - GTRI

January 2, 2025 12:59

GTRI calls for a comprehensive assessment of the Indian steel industry before imposing safeguard duty, citing concerns about existing import measures' impact and technical weaknesses in the...

A-One Steels India Files for Rs 650 Crore IPO

January 1, 2025 12:31

A-One Steels India, an integrated steel manufacturer, has filed draft papers with Sebi for an IPO to raise Rs 650 crore. The IPO includes a fresh issue of shares and an Offer for Sale (OFS) by...

Steel Sector Eyes Policy Support Amid Imports & Green Steel Push - 2025

December 28, 2024 15:10

India's steel sector faces challenges from rising imports, volatile raw material prices, and the need to transition to green steel. The industry is seeking policy support to safeguard its interests...

India Launches Safeguard Probe on Steel Imports

December 20, 2024 18:09

India initiates a probe into steel imports following a complaint from the Indian Steel Association, aiming to protect domestic producers from increased competition.

Gensol Engineering Wins 22 MW Solar Project in Punjab

December 18, 2024 12:55

Gensol Engineering has secured a 22 MW solar project from a steel maker in Punjab, marking its first large turnkey solar project in the state. The project is valued at Rs 88 crore and will be...

India's Imports from UAE Surge 109% to USD 6.12 Billion in Nov

December 16, 2024 19:29

India's imports from UAE jumped 109.57% year-on-year to USD 6.12 billion in November, leaving a trade deficit of over USD 3 billion. Learn more about the increasing trade between India and UAE.

DGTR Probing Steel Import Surge: Impact on MSMEs

December 16, 2024 18:11

India's DGTR investigates rising steel imports, consulting MSMEs before recommending safeguard duty. Potential impact on downstream industries and export competitiveness.

Safeguard Duty on Steel Imports: Govt Considers Proposal

December 12, 2024 13:45

India's steel ministry is considering a 25% safeguard duty on steel imports to protect domestic players from cheap imports. The move comes as steel imports have surged, particularly from China.

Steel Import Duty Impact on MSME Exports: Concerns Rise

December 3, 2024 15:26

MSME exporters fear additional duty on steel imports will make domestic products uncompetitive, hurting outbound shipments. The move is met with opposition from industry groups who highlight...

Steel Import Duty to Hurt MSME Exporters: Concerns Rise

December 3, 2024 15:13

MSME exporters warn that proposed steel import duty will make domestic products uncompetitive and impact outbound shipments. Concerns over rising steel prices and potential impact on MSMEs.

Steel Imports from FTA Countries Negates Duty Hike: Steel Secretary

November 20, 2024 18:26

India's Steel Secretary says a duty hike on steel imports will be ineffective due to high imports from FTA countries at zero duty. He acknowledges the problem of cheap steel imports impacting...

Japan Quality Agency to Test Indian Steel Products | NTH Chennai Visit

November 20, 2024 18:06

Japan Quality Assurance Organization (JQA) expressed interest in testing Indian steel products, potentially leading to JIS certification and boosting exports to Japan.

Port Delays & Red Tape Hurt India's Steel Users: Think Tank

November 18, 2024 13:51

Port delays and complex regulations are hurting India's steel user industry, impacting over 10,000 units. Think tank GTRI urges streamlining import processes and digitization.

Aditya Ultra Steel Profit, Solar Plant | Rs 5.87cr Profit, 5 MW Solar

November 16, 2024 17:08

Aditya Ultra Steel Ltd reported Rs 5.87cr profit in Apr-Sept 2024-25 and announced setting up a 5 MW solar plant in Rajkot, Gujarat. Read more.

India's Imports from UAE Surge 70% in October: Trade Deficit Widens

November 15, 2024 16:43

India's imports from UAE jumped by 70.37% to USD 7.2 billion in October, leaving a trade deficit of USD 3.5 billion. The FTA between India and UAE came into effect in May 2022.

Balmer Lawrie Enters Rail Logistics with GATX Partnership

November 11, 2024 20:19

Balmer Lawrie 'Company has partnered with GATX India to enter the rail logistics market, leasing three rakes for transporting finished steel products. The company aims to grow its domestic...

Hi-Tech Pipes Q2 Net Profit Surges 72% to Rs 18 Cr

November 6, 2024 14:17

Hi-Tech Pipes reported a 72% jump in its Q2 net profit to Rs 18.11 crore, driven by lower expenses. Total income declined slightly due to reduced raw material prices. The company's QIP saw strong...

Welspun Corp Wins Rs 1,300 Crore US Pipe Supply Order

November 4, 2024 11:29

Welspun Corp secures two orders worth Rs 1,300 crore in the US for supplying specialised pipes for natural gas pipeline projects. The order will be executed in FY 2025-26.

India Seeks Compensation from Turkiye over Polyester Fiber Exports

October 27, 2024 16:29

India demands compensation from Turkiye for losses due to extended safeguard measures on polyester staple fibres, impacting Indian exports.

MSTC Sells FSNL to Japan's Konoike Transport

October 24, 2024 20:42

MSTC has signed a share purchase agreement with Konoike Transport Co. Ltd for strategic disinvestment of Ferro Scrap Nigam Limited (FSNL). The transaction will be completed for Rs 320 crore.

Jsquare Acquires thyssenkrupp Electrical Steel India for Rs 4,051.40 Crore

October 18, 2024 20:16

Jsquare Electrical Steel Nashik has acquired thyssenkrupp Electrical Steel India for Rs 4,051.40 crore, as part of its strategy to enhance value-added steel products. The acquisition includes the...

Secondary Steel Producers: 7% Revenue Rise in FY25 - Crisil Ratings

October 17, 2024 15:41

Secondary long steel producers are expected to see a 7% revenue growth in FY25, driven by robust domestic demand and government spending on housing & infrastructure.

EU Deforestation Rules, Carbon Tax Unfair: Goyal

October 11, 2024 18:13

India's Commerce Minister Piyush Goyal criticizes EU's deforestation regulation and carbon tax, saying they are unfair and will impact Indian industries. He also raises concerns about EU's...

India to Impose Retaliatory Duties on EU Steel Safeguards

September 20, 2024 20:29

India proposes retaliatory customs duties on EU's safeguard measures on steel products after failing to reach a consensus. This move follows the EU's extension of safeguard duties on steel imports,...

Govt Approves FSNL Sale to Japan's Konoike for Rs 320 cr

September 19, 2024 17:51

India's government approves the sale of Ferro Scrap Nigam Ltd (FSNL) to Japanese corporation Konoike Transport Co Ltd for Rs 320 crore, marking the privatization of the state-owned company.

Rhetan TMT to Build 2 MW Solar Plant for Captive Use

September 19, 2024 15:02

Steel firm Rhetan TMT plans to set up a 2 MW solar power plant at its Kadi manufacturing facility in Gujarat for captive use, aiming to cut power costs and embrace green energy.

Shubhshree Biofuels IPO Oversubscribed 120 Times

September 11, 2024 21:27

Shubhshree Biofuels Energy's IPO was oversubscribed by 120 times on the final day, raising Rs 13.92 lakh. Learn more about the company and its plans for the proceeds.

India Steel Market Hit by Unfair Imports & Dumping: Former Steel Secy

August 23, 2024 17:52

Former Indian steel secretary warns of unfair imports and dumping impacting the domestic market, calling for government action. Price realizations are affected, with steelmakers voicing concerns...

Fabrication Bazar Raises USD 3 Million in Funding

August 23, 2024 14:12

Fabrication Bazar, a manufacturing tech startup, secured USD 3 million in funding led by Physis Capital. The funds will be used to enhance its tech platform, expand geographically, and hire...

India Investigates Anti-Dumping on Steel Imports from Vietnam

August 16, 2024 19:03

India launches anti-dumping probe into hot-rolled steel imports from Vietnam, citing injury to domestic producers like JSW Steel and ArcelorMittal. The DGTR will investigate dumping and potential...

Accenture Acquires Stake in Vodafone Shared Operations: CCI Approval

August 14, 2024 19:24

CCI approves Accenture's acquisition of a stake in Vodafone Shared Operations, a strategic partnership for technology and transformation services.

Germany's Low Emission Steel Standard: Challenges for Indian Industry

August 9, 2024 10:58

Germany's proposed Low Emission Steel Standard (LESS) poses challenges for Indian steel industry, potentially impacting exports due to stricter carbon emission standards. Learn more about LESS and...

Goodluck India Q1 Profit Rises 22% to Rs 35 cr

July 29, 2024 17:38

Goodluck India's net profit for the June 2024 quarter surged 22% to Rs 34.99 crore, driven by higher income and increased demand for steel products.

India Steel Production to Cross 300MT by 2030: Official

July 27, 2024 16:43

India's steel production is projected to surpass 300 million tonnes by 2030, fueled by strong infrastructure push and robust GDP growth. The government aims to reduce carbon footprint in the steel...

Dixon Technologies Acquires Majority Stake in Ismartu India

July 18, 2024 22:29

Competition Commission of India approves Dixon Technologies' acquisition of 56% stake in Ismartu India, a mobile phone manufacturer. This deal expands Dixon's presence in the electronics...

Former SAIL CMD Joins Shyam Metalics as Independent Director

July 4, 2024 16:44

Chandra Shekhar Verma, former CMD of SAIL, has joined Shyam Metalics and Energy Ltd as an independent director, contributing to the company's strategic advisory board.

JSW Steel USA to Invest $110 Million in Texas Plate Mill Modernization

June 25, 2024 13:45

JSW Steel USA is investing $110 million to modernize its plate mill in Baytown, Texas, focusing on sustainable technology and high-quality steel for offshore wind energy projects.

India has option to propose retaliatory duties on EU's safeguard measures on some steel products

June 17, 2024 18:12

India is considering retaliatory duties on EU steel imports after failing to reach a consensus on the EU's safeguard measures. The move follows the EU's extension of safeguard duties on certain...

JSW Steel Targets 50% Market Share in Coated Steel

May 30, 2024 11:46

JSW Steel aims to capture 50% market share in the zinc-magnesium-aluminium alloy coated steel segment with its new product, JSW Magsure, within a year.

Sai Swami Metals & Alloys IPO Oversubscribed 543 Times

May 3, 2024 19:09

Sai Swami Metals & Alloys IPO, a Rs 15 crore offering, was oversubscribed 543 times on the final day. The SME IPO attracted bids for 128.98 crore equity shares against the net issue size of...

Sanyo Special Steel Acquires Majority Stake in SSMI: CCI Approval

April 30, 2024 20:53

Sanyo Special Steel has received CCI approval to acquire an additional 15.43% stake in Sanyo Special Steel Manufacturing India (SSMI) from Mitsui & Co., making Sanyo the sole shareholder of SSMI.

Sai Swami Metals IPO: Price Fixed at Rs 60, Opens Apr 30

April 27, 2024 12:15

Sai Swami Metals & Alloys Ltd is launching an IPO on April 30 to raise Rs 15 crore. The IPO price is set at Rs 60 per share. The company manufactures stainless steel cookware and appliances under...

Jai Balaji Industries Posts Rs 273cr Net Profit in Q4FY'24

April 25, 2024 19:12

Jai Balaji Industries Ltd. reported a standalone net profit of Rs 273 crore in Q4FY'24, a significant turnaround from a loss in the previous year. The company's total income grew 15% YoY to Rs...

JSW Steel Invests €143 Million in Italy Rail Mill Modernization

March 1, 2024 23:51

JSW Steel announces €143 million investment in its Italian steelworks site in Piombino, aiming to modernize the rail mill and double its capacity. The project includes a Tandem Mill and...

JSW Steel Forms Subsidiary for Hot & Cold-Rolled Steel

February 29, 2024 21:12

JSW Steel has incorporated a new subsidiary, JSW Green Steel Ltd, to manufacture hot-rolled and cold-rolled steel products. The subsidiary will focus on applications in automotive, agriculture,...

Shyam Steel Opens Rs 1500 Crore Plant in Purulia - West Bengal

February 27, 2024 16:31

West Bengal Chief Minister Mamata Banerjee inaugurated Shyam Steel's Rs 1,500-crore integrated plant in Purulia, boosting the state's steel production capacity.

Vibhor Steel Tubes Expands Capacity in Odisha

February 7, 2024 14:58

Vibhor Steel Tubes is setting up a new unit in Odisha to increase its manufacturing capacity to 3.41 lakh tonne. The new plant will manufacture value-added products and is expected to be...

Goodluck India Q3 Profit Surges 72% to Rs 32 Crore

February 3, 2024 16:57

Goodluck India Ltd reported a 72% rise in its net profit to Rs 31.75 crore in the December quarter, driven by higher income and strong demand for steel products.

Budget 2024: Jindal Stainless Seeks Duty Removal on Raw Materials

January 21, 2024 10:59

Jindal Stainless MD Abhyuday Jindal urges govt to remove import duty on raw materials in Union Budget to level playing field for domestic players, citing dumping of cheaper stainless steel from...

Goodluck India Raises Rs 200 Crore via QIP | Steel Maker News

January 18, 2024 13:29

Steel maker Goodluck India has raised Rs 200 crore through a Qualified Institutional Placement (QIP) to fuel growth. The company also launched a subsidiary for defense and aerospace.

Jai Balaji Net Profit Soars 740%, Plans Rs 1000cr Capex

January 15, 2024 18:39

Jai Balaji Industries Ltd reports a 740% jump in net profit for Q3 FY24, driven by cost efficiency and focus on higher-value products. The company plans a Rs 1000cr capex to boost value-added...

JSW Group to Double Investment in Tamil Nadu: Jindal

January 7, 2024 16:56

JSW Group Chairman Sajjan Jindal announces plans to double investments in Tamil Nadu across sectors, praising the state's pro-business environment and commitment to renewable energy.

India, US Set Up Mechanism to Monitor Steel & Aluminium Exports

January 2, 2024 10:58

India and the US have agreed to establish a joint monitoring mechanism to facilitate exports of steel and aluminium products at concessional rates. This follows the removal of retaliatory tariffs...

RINL Restarts Blast Furnace-3, Boosts Steel Production

December 30, 2023 19:34

RINL has restarted its Blast Furnace-3, increasing hot metal production by 2 million tonnes per annum and aiming to revive the Vizag Steel Plant's operations.

India-Oman Free Trade Agreement: Signing Next Month

December 26, 2023 18:48

India and Oman are close to signing a free trade agreement, expected to boost exports in key sectors like automobiles, electronics and textiles. The deal could be inked in January 2024.

India-Oman Free Trade Agreement to be Signed in January 2024

December 26, 2023 17:24

India and Oman are set to sign a free trade agreement in January 2024, boosting bilateral trade. The deal aims to eliminate import duties on key Indian goods like gasoline, iron & steel, and...

PLI 2.0 for Steel: Govt Plans, Import Concerns & Industry Outlook

December 26, 2023 11:19

India's steel sector is set for growth in 2024 with PLI 2.0, but concerns remain over imports & raw material costs. Experts predict strong demand, but industry players urge govt action.

India Steel Production Rises 11% in November: worldsteel

December 24, 2023 14:08

India's steel production increased 11.4% in November to 11.7 million tonnes, while global production reached 145.5 million tonnes. Worldsteel reports on steel production trends.

Shri Balaji Valve Components IPO: Price Band at Rs 95-100

December 22, 2023 15:30

Steel products maker Shri Balaji Valve Components has fixed the price band for its IPO at Rs 95-100 per share. The issue opens on December 27 and concludes on December 29.

Bengal's First Commercial Coal Mine to Begin Production in 6 Months

December 20, 2023 22:25

Rashmi Group secures the first private coal mining rights in West Bengal, aiming to start production within six months. The company plans to invest Rs 2000 crore in mining activities and expects to...

India-Oman Free Trade Agreement: USD 3.7 bn Boost for Indian Goods

December 12, 2023 16:04

India and Oman are negotiating a free trade agreement that could significantly boost Indian goods exports worth USD 3.7 billion, including gasoline, iron & steel, electronics & machinery.

India-Oman FTA: USD 3.7 Billion Trade Boost - GTRI Report

December 12, 2023 11:51

India and Oman are negotiating a free trade agreement that could significantly boost Indian exports to Oman, particularly in gasoline, iron and steel, electronics, and machinery.

JSW Steel Production Up 11% to 22 Lakh Tonnes in November

December 11, 2023 18:56

JSW Steel reported an 11% increase in crude steel production in November 2023, reaching 22.04 lakh tonnes. The company's Indian operations saw a 7% rise in production, while its US subsidiary...

Made in India Steel Branding: Promoting Global Recognition

November 23, 2023 19:33

India's steel sector launches 'Made in India' branding initiative to boost exports and promote domestic manufacturing, aiming to realize PM Modi's 'Make in India' vision.

Company Name
Price
Volume

Vodafone Idea L
6.81 ( -1.73)
117225274

Srestha Finvest
0.48 ( -4.00)
23917778

G G Engineering
0.81 ( -2.41)
23181029

Shangar Decor
1.11 (+ 4.72)
20087292

Guj. Toolroom Lt
1.40 ( -4.76)
17858668

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