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Business News/Topic/ Steel Prices

STEEL PRICES

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While India is the world’s second-largest steel producer, it has been unable to shield its market from a surge in low-cost supply. (File Photo: Reuters)

India’s steel safeguard duty offers a short-term fix—but will it be enough?

4 min read . 24 Apr 2025

Prices of steel has climbed 3-4% in recent weeks on expectations of imposition of a 15% safeguard duty on the import of the crucial alloy. (Reuters)

Steel prices climb as ‘safeguard’ duty looms, user industries warn of inflation

3 min read . 18 Mar 2025

Indian steelmakers have argued that a rise in cheap imports has forced them to cut their prices to keep market share. (Bloomberg)

Cheap steel brought relief for automakers. But the bonanza may not last

4 min read . 20 Feb 2025

A global slowdown and an influx of cheaper imports amid tepid local demand and planned capacity expansion weighed heavily on prices in Q2. (AI-generated representative image)

Steelmakers warn of Q3 revenue drop, pin hopes on Q4 rebound

4 min read . 21 Nov 2024

JSW Steel and POSCO signed an agreement to set up an integrated steel plant with an initial capacity of 5 million metric tons a year. (Pixabay)

JSW Steel and Korean steel-maker eye $7.7 billion investment in Odisha plant

1 min read . 05 Nov 2024

The safeguard duty is a temporary measure and can enforced for a maximum of two years. But this period can be extended after a review. Photo: Bloomberg

India plans ‘safeguard duty’ to protect steel companies from cheap imports

4 min read . 19 Oct 2024

China’s No. 3 Steel Mill Offers Hopeful Take as Sector Struggles

China’s No. 3 Steel Mill Offers Hopeful Take as Sector Struggles

1 min read . 31 Aug 2024