Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
According to the European Commission, as the current quota period (January-March) comes to an end, several import quotas for specific categories of steel goods, particularly long products, are on the verge of being exhausted, despite low consumption in the EU.
India has almost chosen the volumes for stainless steel bars and light profiles (31.29 thousand tonnes out of 31.33 thousand), with an additional 1.84 thousand tonnes pending customs clearance. As a result, there will be a small overabundance of Indian stainless steel bars and light profiles.
Additionally, India has used up all of its imports of coated steel sheets and has selected 91.83% of its quota for hot rolled coils (HRC) composed of alloy or non-alloy steel (574.44 thousand tonnes).
China has exhausted its January-March quotas for large welded pipes (25B) and other welded pipes, 8.34 kt and 7.97 kt, respectively, as well as 90.81% of the quota for other seamless pipes.
Also Read : NMDC raises iron ore prices again, a tonne to cost ₹400 more Indian steel exports struggle to compete with China's low-cost shipments
JTL Industries has bought a controlling stake in Nabha Steels and Metals for an undisclosed sum. The...
Large Corporate 09-Apr-2024
US Steel Tariffs Stoke Uncertainty in Global Economy President Trump’s recent decision to ele...
USA 18-Jun-2025
RINL to raise $23 million through land asset dispositions.Proceeds will go&...
Business 28-May-2025
According to rating agency ICRA, road execution in India is expected to grow by 5-8% to 12,500&ndash...
Construction 16-Apr-2024
Faster ore transport via pipeline. Reduced pollution and road traffic. Boost to local economy and...
Business 16-May-2025
The Gujarat government has calculated a demand projection to reach almost 36000 MW by FY 2031-32, a...
Renewables 27-Jun-2024