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steel imports

Firm domestic demand to keep India's steel imports elevated in 2023-24: Crisil

Firm domestic demand to keep India's steel imports elevated in 2023-24: Crisil

Fri, Dec 22, 2023

Strong domestic demand, supported by government spending on infrastructure, building and construction segments, is expected to keep India's steel imports elevated around the 6 million tonne (MT) mark this financial year even as the global steel industry battles a slowdown, according to rating agency Crisil.

India's steel imports at all-time high

India's steel imports at all-time high

Thu, Dec 14, 2023

CY23 YTD volume has reached a six-year high of 7.0mn tonnes. India has been a net steel importer for the third consecutive month in November. Thus, higher imports remain cause for concern for domestic steel prices, the report said.

China, Vietnam's share in India's steel import basket rises in June; export of finished steel falls

China, Vietnam's share in India's steel import basket rises in June; export of finished steel falls

Sun, Jul 16, 2023

In June 2022, the import from China was 26.1 per cent and Vietnam was 1 per cent. However, in June 2023, the import from China contributed 37.1 per cent and Vietnam's share was 4.8 per cent in India's steel import basket.

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Imports of steel minimal; domestic industry progressing tremendously, says government

Imports of steel minimal; domestic industry progressing tremendously, says government

Thu, Feb 16, 2023

The prices of key raw material coking coal have registered a sharp increase of 55 per cent from USD 248 per tonne on December 1, 2022 to USD 345 a tonne on February 15.

Domestic steel consumption to grow by 7 pc this fiscal, FY20: ICRA

Domestic steel consumption to grow by 7 pc this fiscal, FY20: ICRA

Mon, Dec 31, 2018

The domestic steel consumption growth is expected to grow by 7 per cent during this fiscal and the trend is likely to continue in the next financial year as well, largely driven by the government's focus on the infrastructure sector, says an ICRA report.

India considers raising import duty on steel to support rupee: Document

India considers raising import duty on steel to support rupee: Document

Wed, Sep 19, 2018

India`s steel ministry has proposed increasing the effective import duty on some steel products to 15 percent from current rates ranging from 5 percent to 12.5 percent, according to two sources and a government document reviewed by Reuters, as the country looks to support the rupee.

Anti Dumping Duty to be imposed on steel import

Anti Dumping Duty to be imposed on steel import

Tue, May 16, 2017

Anti Dumping Duty to be imposed on steel import. Watch the full segment for more details.

Steel exports surge 150% in Feb, overtake imports

Steel exports surge 150% in Feb, overtake imports

Sat, Mar 11, 2017

Imports of total finished steel in the first 11 months of the current fiscal declined by 38.5% to 6.591 mt over same period of last year.

'Government's extension of anti-dumping duties is likely to be credit positive for Indian steel industry'

'Government's extension of anti-dumping duties is likely to be credit positive for Indian steel industry'

Fri, Feb 10, 2017

Moody's and Care Ratings have projected the Government of India's latest move to extend the anti-dumping duties for the next two months to be credit positive for Indian steel companies.

Tata Steel's leverage is likely to remain high in coming quarters: Moody's

Tata Steel's leverage is likely to remain high in coming quarters: Moody's

Thu, Feb 09, 2017

Moody's has projected Tata Steel's leverage to remain high in the coming quarters of 2017.

Govt slaps safeguard duty on certain steel imports

Govt slaps safeguard duty on certain steel imports

Thu, Nov 24, 2016

The effective duty rate would be calculated after deducting the value of the goods and the anti-dumping duty payable when the import price is below USD 504 per tonne, said a Revenue Department notification.

India extends steel floor prices to December 4 to curb cheap imports

India extends steel floor prices to December 4 to curb cheap imports

Wed, Oct 05, 2016

India extended a floor price for imports of steel products for a further two months late on Tuesday as the government tries to protect the domestic industry from cheap overseas shipments, especially from China.

India's steel demand to outpace regional average: Moody's

India's steel demand to outpace regional average: Moody's

Wed, Aug 17, 2016

Steel demand in India will outpace the regional average while profitability of domestic steel companies will outperform regional peers on account of increase in domestic demand, Moody's said on Wednesday.

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