India Plans to Impose a Temporary 25% Duty on Steel Imports
India is planning to introduce a temporary ‘safeguard duty’ on steel imports of up to 25% to limit the flow of cheap products from China and safeguard domestic steel producers who are suffering losses due to growing imports. Dec 19, 2024 India is preparing to introduce a temporary “safeguard duty” on steel imports of up […]
Indian Steelmakers Demand Higher Tariffs for Imported Steel
Finished steel imports from China have surged to a seven-year high over April-August, affecting the Indian steel manufacturers. The Indian Steel Association has asked the government to double the customs duty on steel imports to 15 percent. Sep 27, 2024 India’s steelmakers have asked the government to double tariffs on steel imports. This proposal is […]
ArcelorMittal Nippon Steel India Eyes Record Breaking USD 1 Billion Loan
The State Bank of India, ICICI Bank Limited and Axis Bank Limited are expected to sign the deal, which will possibly be the largest local-currency loan taken in India in 2024. May 2, 2024 ArcelorMittal Nippon Steel India Limited, a partnership between two major steelmakers of the world, is holding talks with leading Indian banks […]
