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Oct 16, 2024 | 
spglobal.com | Lizzie Ko |Sumita Layek
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Aug 16, 2024 | 
spglobal.com | Sumita Layek
India has initiated an antidumping investigation on imports of hot-rolled flat products from Vietnam, according to a gazette notification published Aug. 14, seen by Platts and according to two sources familiarized with the matter. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
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Jul 26, 2024 | 
spglobal.com | Sumita Layek
Make Decisions With Conviction For full access to real-time updates, breaking news, analysis, pricing and data visualization subscribe today.
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Dec 7, 2023 | 
argusmedia.com | Sumita Layek
Steel manufacturer ArcelorMittal Nippon Steel (AM/NS) India will set up three ferrous scrap processing centres in Hazira and Ahmedabad in Gujarat and in Khopoli in Maharashtra at a time of the country's decarbonisation efforts. The steelmaker is planning to invest 1bn rupees [$11.9mn] for the three centres that will process domestic industrial and end-of-life vehicle ferrous scrap, the company said.
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Dec 1, 2023 | 
argusmedia.com | Sumita Layek
Indian conglomerate JSW Group has entered the auto sector, taking a 35pc stake in MG Motor India controlled by Chinese vehicle manufacturer SAIC. The joint venture aims to implement new initiatives including boosting local sourcing, improving electric vehicle (EV) charging infrastructure, expanding production capacity and introducing a broader range of vehicles with a focus on environmentally-friendly mobility.
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Nov 7, 2023 | 
argusmedia.com | Sumita Layek
India should make the Bureau of Indian Standards (BIS) certification process more strict to prevent steel dumping in the country, ArcelorMittal Nippon Steel India's chief executive Dilip Oommen said on the sidelines of the Indian Steel Association's (ISA) Steel Conclave 2023. "India happens to be in the spotlight as far as the economy, steel consumption is concerned.
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Nov 7, 2023 | 
argusmedia.com | Sumita Layek
India will not accept any unfair taxes or levies on steel that are imposed by the EU under the Carbon Border Adjustment Mechanism (CBAM), commerce minister Piyush Goyal said during the Indian Steel Association's Steel Conclave 2023. "We have taken it up with the EU. We are taking it up with the World Trade Organisation (WTO) very, very seriously," Goyal said on 7 November.
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Nov 2, 2023 | 
argusmedia.com | Colin Richardson |Sumita Layek
Tata Steel's announcement that was pulled at the last minute involved the idling of its hot strip mill in the coming months as well as its blast furnaces. The idling of the strip mill would leave Tata as an importer of hot-rolled coil (HRC), possibly from its Indian parent, that would be further processed into downstream products in the UK. In a conference call today announcing its latest results, Tata said it would import 2.5mn-2.6mn t to ensure a stable supply chain for its downstream unit.
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Oct 12, 2023 | 
argusmedia.com | Sumita Layek
Indian private-sector producer JSW Steel was declared on 11 October the preferred bidder for the Jaisinghpura North iron ore block in south India's Karnataka state. JSW offered the highest final price offer of 150.3pc of the value of mineral dispatched from the block, with estimated resources of 17.66mn t, in the state's auction held on 21 August. It had won the Jaisinghpura South iron ore block in an auction held in March.
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Oct 6, 2023 | 
argusmedia.com | Sumita Layek
An error has occured. The article you are searching for was not found. Published date: 06 October 2023 India's finished steel consumption climbed by 18pc in September owing to strong demand from government infrastructure projects, while exports tumbled by 73pc amid weaker international demand. Finished steel consumption last month rose by 18pc on the year to 11.2mn t, while production rose by 13pc to 10.9mn t, provisional data from the steel ministry's joint plant committee show.
