India Proposes Retaliatory Duties on EU Steel Imports
India proposes to impose retaliatory duties on certain steel imports from the EU after both sides failed to reach a consensus. Mar 29, 2025 India’s steel exports suffered an annual loss of USD 1.472 billion in 2023-24 due to the EU’s policies. The duty collection from steel has reached USD 368 million at a 25% tariff. […]
Odisha Secures Multi-Billion Investments in Steel and Aluminum
Odisha’s Chief Minister Mohan Majhi has approved several investment proposals aimed at significantly strengthening the state’s steel and aluminum industries. Mar 28, 2025 Odisha’s Chief Minister Mohan Majhi, chairing the High-Level Clearance Authority (HLCA), has approved several investment proposals aimed at significantly strengthening the state’s steel and aluminum industries. One of the most substantial investments […]
PLI Steel 1.1 Secures INR 17,000 Crore Investment Commitment from 25 Companies
PLI 1.1 sees INR 17,000 crore investment commitment in second round with 42 MoUs signed, strengthening India’s Self-Reliance in Steel. Mar 24, 2025 PLI scheme for speciality steel, termed PLI Scheme 1.1, has drawn an investment of approximately INR 17,000 crore from 25 companies. The 2nd phase of the scheme was launched in January 2025, […]
How Government is Taking Measures to Reduce Steel Import in India
The Government acts as a facilitator, creating a conducive policy environment for the development of steel sector and facilitate the reduction of steel imports to improve the competitiveness of domestic steel manufacturers and reduce dependency on steel imports in India Mar 11, 2025 Steel is a deregulated sector, and steel prices are determined by the […]
SSAB’s Fossil-Free Steel to be Used in Fassi’s Cranes
By using SSAB’s Fossil-freeTM steel and SSAB ZeroTM, Fassi will be able to bring to market a new generation of cranes with radically reduced CO2 footprint. Feb 27, 2025 SSAB, a global steel company specializing in high-strength steel, has reached an agreement with Italian crane manufacturer Fassi for future deliveries of steel produced with virtually […]
JSW Group Invests INR 3 Lakh Crore in Maharashtra
JSW Group to invest INR 3 lakh crore in Maharashtra across various sectors like steel, renewable energy, electric vehicles, and cement. Jan 22, 2025 JSW Group has committed to investing INR 3 lakh crore in Maharashtra across various sectors like steel, renewable energy, electric vehicles, and cement. This investment has been announced at the World […]
Nucor Steel Brandenburg Celebrates Inauguration of New Facility With One of World’s Largest and Most Advanced Continuous Casting Plants
Nucor Steel Brandenburg plans to supply sustainably manufactured steel products for renewable energy projects through its newly inaugurated greenfield facility at the Buttermilk Falls Industrial Park site located in Kentucky, one of the world’s largest and most advanced continuous casting plants, which is capable of producing 1.45 million tons of slabs per year. Jan 15, […]
KOCKS AND LAP Develop 4D EAGLE S to Detect Rolling Defects
KOCKS and LAP have announced a far-reaching strategic cooperation. Under the name “4D EAGLE S”, the companies will present a hybrid measuring device offering bar steel producers a comprehensive profile measurement and surface inspection solution. Dec 15,2023 KOCKS Measure + Inspect GmbH & Co. KG and LAP Measurement Technology GmbH have announced a far-reaching strategic […]
EU, US Unable to Secure Agreement for a Global Arrangement on Sustainable Steel and Aluminum (GASSA); Extends Deadline to Year-End
Negotiations for the GASSA initiative between the US and the EU have been extended from Oct 31 till the end of the year. The initiative is aimed at developing common rules for trade in the steel and aluminum sectors. Oct 21, 2023 The United States and the European Union have been unable to reach an […]
India to Set a Plan to Safeguard Steel Trade Interests from EU Carbon Tariffs
In line with its ambitious goal of achieving net-zero greenhouse gas emissions by 2050, the European Union (EU) adopted a groundbreaking plan this year to introduce tariffs on imports of high-carbon goods, including steel and cement. Oct 04, 2023 In an effort to address the concerns of domestic steel producers regarding the European Union’s proposed […]
