Steel Ministry Seeks Doubling of Import Duty on Finished Steel
The Ministry of Steel has asked the Ministry of Finance to double the basic customs duty on imported finished steel products. The custom duty is expected to increase from the current 7.5 percent to 15 percent in the upcoming Union Budget for 2025-26. Dec 31, 2024 In order to protect domestic steel manufacturers from the […]
Maharashtra Seamless Writes Letter to Steel Ministry for Cauvery Basin Casing Pipe Tender Rejection
Maharashtra Seamless wrote to the steel ministry for the redressal of the unfair rejection of its casing pipe tender for the Cauvery basin drilling. In the letter the company claims that it is an “approved source” of specialized steel required in the project and that 40-50 percent of its existing capacity “is idle these days […]
Steel Ministry Aims Fivefold Domestic Capacity by 2047 with New Stainless Steel Policy
The Indian steel ministry is aiming for a 5x jump in the domestic capacity of stainless steel by 2047 with India’s first stainless steel policy in the works. The policy also holds the objective of reducing dependence on China for sourcing nickel, silicon and chromium, which are utilized to make stainless steel. Jul 20, 2023 […]
