Tata Steel targets zero overseas debt by 2028 Thyssenkrupp Steel restarts Hot Strip Mill 4 at Duisburg Viraj Profiles accelerates stainless steel decarbonisation journey Electrical steel market set to reach USD 19.67 billion by 2032
The government has announced a reduction in Goods and Services Tax (GST) on cement and steel from higher slabs to 18%, a move expected to provide significant relief to the construction sector.
Industry analysts estimate that the rate cut will lower overall construction costs by nearly 5%, directly benefiting infrastructure projects, real estate developers, and homebuyers. Cement and steel, being two of the most critical building materials, have long been a major cost component in housing and infrastructure development.
The reduction in GST is expected to improve affordability, accelerate project execution, and boost demand in both the real estate and infrastructure sectors. Experts believe this policy change will act as a catalyst for growth in India’s construction industry, supporting the government’s focus on affordable housing and large-scale infrastructure expansion.
Also Read : Chennai’s First Steel Flyover at T Nagar to Open by September-End India’s Steel Ministry Seeks Support as LPG Shortage Hits Mills
Kobe Steel, Japan's third-biggest steelmaker, said it aimed to expand its automotive aluminium panel...
China 26-Feb-2024
The global tool steel market is projected to witness significant growth between 2026 and 2036, drive...
Business 20-May-2026
Andhra Pradesh Launches Pilot Road Repairs Using Steel Slag In a move toward eco-friendly infrastru...
India 05-Aug-2025
According to Coal India Limited, the coal gasification projects would be executed using an EPC (Engi...
Mid Corporate 22-Mar-2024
In 2023-24, India's demand for petroleum products is expected to rise by a mid-single-digit percenta...
Oil & Gas 13-Feb-2024
Chinese steel companies increased exports of steel products by 30.7% compared to the same period in...
China 15-Apr-2024