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Protectionist measures on steel imports will hurt MSMEs: EEPC
This warning comes as large Indian steel manufacturers have urged the government to double tariffs on steel imports to 15% in a bid to shield domestic steel production from increasing imports, particularly from China.Read more
China's steel exports a concern for India; Tata Steel TV Narendran
China, which produced 54% of the world’s crude steel in 2023, has been increasing its steel exports amid a slowdown in domestic demand, particularly due to challenges in its real estate sector.Read more
Rising costs and weak demand may force steel companies to cut output
In July alone, steel exports dropped by 14% to 0.30 million tonnes, while imports surged by 18% to 0.75 million tonnes.Read more
India navigates green steel transition amidst European scrutiny
This move is anticipated to impact Indian steel exporters, particularly those reliant on environmentally damaging coking coal for furnace operation.Read more
Slump in steel production hits Indian refractories
Currently, government safety norms , stalled material, and lower demand is causing worry for refractory makers.Read more