Steel

News

STEEL NEWS

Fabex plans to invest an additional Rs 100 crore over the next 2–3 years to further enhance manufacturing capabilities and drive innovation.

Fabex Steel announces second plant in Chityal near Hyderabad

November 04, 2025 10:47 pm

The Chityal facility adds 50,000 MT of annual production capacity, bringing Fabex’s total to 100,000 MT across its two units.

US President Donald Trump walks with workers as he tours US Steel Corporation's Mon Valley Works-Irvin plant on Friday

Trump doubles steel, aluminium tariffs to 50% from June 4, exporters say ‘complicates trade talks’

June 01, 2025 1:34 am

Trump steel tariffs 2025, US aluminium tariffs news: This fresh tariff hike follows a similar increase earlier this year, when Trump raised tariffs on aluminium and steel to 25 per cent.

EU proposes to slash steel imports by 15% amid Trump's 25% tariff hike

March 19, 2025 6:44 pm

The move by the EU is aimed at cutting the import of cheap steel flooding the market of Europe after US President Donald Trump's administration announced new tariffs.

Biden's decision to block Nippon Steel takeover creates uncertainty for US Steel workers

January 05, 2025 11:02 am

In making its nearly $15 billion bid for the storied Pittsburgh-based steelmaker, Nippon Steel had promised to invest $2.7 billion in U.S. Steel’s aging blast furnace operations in Gary, Indiana, and Pennsylvania’s Mon Valley.

If government is going to protect steel producers, needs to protect 8 lakh MSMEs too: EEPC Chairman

December 06, 2024 10:08 am

EEPC Chairman Pankaj Chadha said while the balance sheets of large steel manufacturers remain robust, those of around 8 lakh MSMEs are in a precarious state.

80% of Indian steel producers have labelled ‘Made-in-India’ on products

June 18, 2024 8:01 am

The source said that the ‘Made in India’ branding, along with a QR code, provides for labeling of domestic steel products with details of the product. “

Domestic finished steel consumption grows 13% to 136 MT in FY24: SteelMint

April 17, 2024 10:58 am

The country consumed 120 million tonne (MT) finished steel in the preceding 2022-23 financial year, the research firm said in a report.

Steel industry says surge in imports 'warning signal' for country's Atmanirbhar mission

April 09, 2024 4:01 pm

As per the steel ministry's Joint Plant Committee, India has registered a 38 per cent surge in imports of finished steel to 8.319 million tonnes (MnT) over 6.022 MnT imported during the preceding 2022-23 fiscal.

Why the White House is opposing Japan firm's bid to acquire US steelmaker

December 23, 2023 7:36 am

There is bi-partisan opposition to this planned acquisition, seemingly in contradiction to the United States' founding values upholding a free market. Why?