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 […]
Tata Steel to Build 3 Million TPA Electric Arc Furnace in UK
Tata Steel UK will build a new 3 million TPA electric arc furnace (EAF), one of the largest in the world, to turn the UK-sourced scrap into new high-quality, low-CO2 (green) steel, removing the need to ship millions of tonnes of iron ore and coal from across the world. It will cut the site’s CO2 […]
Tata Steel Looks to Secure Future Iron Ore Supply Through NMDC, OMC
Tata Steel plans to increase its steel production capacity to 40 million TPA by 2030. The target will require 60 million tonnes of annual iron ore. The company is holding negotiations with the National Mineral Development Corporation (NMDC) and the Odisha Mining Corporation (OMC) to meet 50 percent of its iron ore needs in future. […]
Tata Steel Becomes First Indian Company to Publish Ferrochrome EPD
Ferro Alloys and Minerals Division (FAMD) of Tata Steel has become the first company in India to publish an Environmental Product Declaration, a Type III eco-label that evaluates the environmental impact of ferrochrome, based on a comprehensive lifecycle assessment of the product. Nov 19, 2024 Marking a significant milestone in its journey towards sustainable business […]
Tata Steel Signs Contract with Tenova for Electric Arc Furnace in UK
The steel manufacturer plans to decarbonize its sites by constructing an electric arc furnace to produce steel from scrap. The project, expected to last three to four years, will cost EUR 1.25 billion, with EUR 500 million funded by the British government. Oct 21, 2024 Tata Steel signed a contract with Italy-based Tenova, a sustainable […]
Mr. T.V. Narendran Elected as the Chairman of World Steel Association
Mr. T.V. Narendran, CEO & MD of Tata Steel has been elected as the Chair of the World Steel Association. Oct 17, 2024 The World Steel Association (worldsteel) has elected Mr. Thachat Viswanath Narendran, MD & CEO of Tata Steel. He became the second Indian followed by Mr. Sajjan Jindal, Group Chairman of JSW, to […]
Tata Steel & Welspun Corp Develop ERW Pipes for Hydrogen Transportation
Tata Steel and Welspun Corp have achieved a significant milestone by developing Hydrogen compliant API X65 grade pipes, which successfully surpassed all necessary service and fracture qualification tests for transportation of 100 percent pure gaseous Hydrogen under high pressure. Aug 6, 2024 Tata Steel and Welspun Corp have become the first Indian companies to produce Electric […]
Tata Steel India’s Production Rises by 5% in Q2
Tata Steel commissioned the country’s largest blast furnace in Kalinganagar in September, positioning the company to boost its total domestic steel production capacity to 26.6 million tonnes annually. Oct 10, 2024 Tata Steel increased its steel production in India by 5% year-on-year in Q2 FY 2024-25, reaching 5.27 million tonnes during July-September 2024, according to […]
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 […]
Tata Steel Earmarks INR 16,000 Crore Capex for FY24
Nearly 75 percent of INR 16,000 crore will be spent on ramping up capacities in Europe and India, especially on the completion of projects at Kalinganagar in Odisha. The remaining amount will be spent on its de-carbonization program in the UK. Jul 8, 2024 Global steel manufacturer Tata Steel has projected its capex at INR […]
