JSW Steel rises 2% on gas supply worries HSBC raises Tata Steel target to ₹250 British Steel to supply 120,000 mt billet to Nigeria ₹3,200 crore Tata Steel EAF starts in Ludhiana
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 : Coal shortage hits Vizag Steel plant India lowers its steel trade deficit due to rising exports and steady imports
In a transformative move towards sustainable transportation, Union Minister for Finance & Corpor...
Press Releases 01-Feb-2024
Trump Approves U.S. Steel Takeover with “Golden Share” to Protect American Interests Fo...
Business 16-Jun-2025
The Ministry of Mines has started a programme to partially reimburse licence holders for their explo...
Notification 28-Jun-2024
Indian Metals & Ferro Alloys (IMFA) said its growth plan will accelerate after agreeing to acqui...
Construction 06-Nov-2025
In a joint session address to the Lok Sabha and Rajya Sabha, President Droupadi Murmu announced a re...
Announcement 31-Jan-2024
The mineral production index for the mining and quarrying sector in December 2023 was 139.4, which i...
Raw Material 22-Feb-2024