Indian Metal & Energy Industry News & Updates - Iron & Steel
Steel minimum import price: SC overturns 2018 Delhi HC order
In a key judgment on Wednesday, the Supreme Court clarified that companies can be subjected to trade restrictions only after the relevant rule is officially published in the Government Gazette, and not merely from the date of a government announcement or a notice uploaded on a website.
Jharkhand, Tata Steel signs Rs 11,000 crore pact for Green Steel
Client indecision in US, Europe a drag on exports, says Jindal Stainless MD
Jindal Stainless Q3 Results: Profit grows 26% to Rs 828 crore
Govt plans new steel scrap recycling guideline
The government is finalising a national steel scrap recycling policy, replacing the existing 2019 guidelines, to align it with changing dynamics of the industry arising out of domestic compulsions and commitments, and emerging international developments.
Jindal Saw shares rally 20% in two sessions on strong Q3FY26 results
Green steel to be long-term aspiration rather than imminent shift for India, says ICRA
Steel companies' profits may dip despite volumes as prices stay weak
Steel prices rise as safeguard duty, rising exports push rates up
The latest round of price hike happened on Friday with some steel mills increasing hot rolled coil (HRC) prices by ₹500-750 a tonne, according to price reporting and market intelligence firm BigMint. HRC is a benchmark for flat steel. “This is the second price hike this month, other mills are also expected to follow suit,” Hemant Dewangan, assistant general manager, steel-operations, at BigMint said.
India pushes for easier access to European Union’s steel scrap
Steel companies' profits may dip despite volumes as prices stay weak
Seamless tube makers urge govt not to retain curbs on Chinese imports
JFE Steel targets major India expansion as it expects Indian output to surpass China
Japan’s JFE Steel Corp expects India’s steel industry to overtake China’s in the long run, and wants to position itself to be the biggest foreign producer of the material in the South Asian nation, a senior executive said.
Steel sector alert: Why Tata, JSW, SAIL and Jindal face a Rs 1,530/tonne margin hit in Q3
Is India’s steel sector preparing for a double whammy – lower steel margins under pressure? According to the Kotak Institutional Equities report, the Indian steel majors are likely to see a Rs 1,530 per tonne margin decrease in Q3 FY26. This is primarily due to lower steel prices.
NMDC revises iron ore prices
Andhra Pradesh governance speed attracting investors
The ArcelorMittal Nippon Steel plant in Andhra Pradesh, the largest in India, is set to lay its foundation stone in February. The state concluded this deal without even signing a Memorandum of Understanding (MoU), finalising everything through a Zoom call and a WhatsApp chat with Aditya Mittal. The Rs 1.5 lakh crore plant has received environment clearances, with the entire process having taken only 15 to 18 months. Similarly, Andhra Pradesh addressed taxation issues swiftly to sign the Google Data Centre project, showcasing its ability to positively influence policy.
JSW Steel Q3: Output falls 5% as Vijaynagar plant shutdown hits—What to watch in the Jan 23 results
JSW Steel reported a 5% QoQ steel output decline in the third quarter of FY26. The company’s consolidated steel production in Q3 FY26 came down to 7.48 million tonnes, compared to 7.90 million tonnes in the previous quarter.
JSW Steel output grows 6 per cent in Dec quarter
Steel firms plan Rs 4,000 crore IPO push amid safeguard duty boost
Tata Steel Q3 preview: Why analysts expect a 7% profit hit despite best-ever production milestone
Tata Steel’s provisional consolidated sales in the third quarter of FY26 stood at 8.3 million tonnes, in line with street expectations. According to the Axis Securities report, the higher volume growth in the quarter will aid consolidated revenue, which is partially offset by the lower HRC (Hot Rolled Coil) prices.
Assocham seeks incentives for hydrogen-based steelmaking, green finance in FY27 Budget
Steel cos have a strong case against CCI price collusion findings
Mumbai: Steel companies including Tata Steel, JSW Steel and SAIL have a strong case to contest the Competition Commission of India’s (CCI) recent cartelisation charges as in most cases they are circumstantial or economic evidences such as price parallelism, said leading legal experts.
Steel cos hike prices by ₹4,000/tonne post safeguard levy
Mumbai: Days after India imposed safeguard duty, steel companies have increased prices by ₹4,000-4,500 a tonne bringing it closer to import parity. Prices of hot-rolled coil was hiked by ₹4,000 to ₹51,000 a tonne while cold-rolled coil prices were also increased by 2-4 per cent depending on the quality and specifications, said trade sources.
Tata Steel reports 'best-ever' quarterly production at India operations
Kolkata: Tata Steel on Wednesday announced its provisional production and delivery numbers for the third quarter of FY26 (Q3FY26), led by best-ever quarterly performance at its India operations.
Tata Steel Q3 output grows 8 pc; deliveries up 7.56 pc
Shyam Steel ropes in India cricket team captain Harmanpreet Kaur as brand ambassador
Thyssenkrupp weighs phased sale of TKSE to Jindal Steel International, sources say
Tata Steel, JSW Steel, SAIL and 25 others colluded on steel selling prices: Report
The Competition Commission of India has found market leaders Tata Steel, JSW Steel, SAIL and 25 other firms in breach of antitrust law by colluding on steel selling prices, a Reuters report said.
Steel stocks under pressure on CCI investigation into price collusion
Mumbai: Shares of steel companies declined up to 3 per cent on Tuesday after a news report said a Competition Commission of India (CCI) probe found top steelmakers had breached antitrust laws and colluded to fix steel prices. The share prices of Steel Authority of India (SAIL), JSW Steel and Jindal Stainless declined by 3 per cent, 0.8 per cent and 0.5 per cent, respectively. The stock of Tata Steel ended with a 0.3 per cent gain.
Steelmakers rework production, strengthen compliance as CBAM kicks in