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Sluggish domestic demand from end-user segments, including automobile, consumer durable, FMCG, construction and real estate sectors, led to a slowdown in consumption growth.

Reduction in raw material prices to help steel players

Slow demand has also led to an increase in the inventory of semis products.

30 Sep 2019 8:40 PM GMT

Oil Minister Dharmendra Pradhan today said the government is keeping a close eye on international prices.

White paper to reduce tax burden on steel sector in the offing

The white paper will focus on lessening the burden of taxes, cess and other duties on the local steel industry.

24 Dec 2019 5:22 AM GMT

Oil Minister Dharmendra Pradhan today said the government is keeping a close eye on international prices.

Pradhan seeks Japanese investment in steel sector

Steel companies in Japan have already shown interest to invest in India on manufacturing activities.

29 Aug 2019 8:41 AM GMT

Tata Steel is countrys major steel producer.

Positive growth in steel sector, trend to continue: Tata Steel

The demand for steel was projected to grow by 5-6 per cent, but it has been 8 per cent, Narendran said.

15 Aug 2018 12:11 PM GMT

The government on Wednesday said Indias prospects to become a top steel exporter depends on a range of factors, including competitiveness and demand, and will not be impacted by the trade barriers the US has put on imports.

Rupee jitters bring double whammy for steel sector

Domestic steel demand grew at 8 per cent in the first quarter of 2018-19, according to JPC.

17 Aug 2018 4:50 AM GMT

Though Dubai depends less on oil income, fluctuations in crude oil prices have affected all sectors of its economy. The slowdown took its toll on the small and unorganised sectors in the form of unpaid outstanding dues for companies, unpaid wages for workers and large scale job losses.

Eight core sectors grow by 6.6 per cent in July

The eight core sector includes coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and...

31 Aug 2018 1:24 PM GMT

The 19 products include semi-finished products of iron or non-alloyed steel, flat-rolled products of different widths, bars and rods.

GST: Steel sector to witness more organised form of business

New tax regime abolished the special additional duty (SAD) on imported goods which was a very cumbersome procedure.

1 July 2017 12:45 PM GMT

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Steel sector are hopeful of increase in production and profit

GST on coal has been brought down to 5 per cent from the current tax incidence of 11.69 per cent

21 May 2017 7:48 AM GMT

Union Steel Minister Chaudhary Birender Singh

Steel PSUs not holy cows, must compete with pvt players: Steel...

Till February, Rs 64,986 cr have been spent by SAIL towards modernisation and expansion, mines and related schemes.

19 May 2017 12:18 PM GMT

The 19 products include semi-finished products of iron or non-alloyed steel, flat-rolled products of different widths, bars and rods.

'Unorganised steel players may face problem post GST rollout'

Unorganised sector will have to go through a learning cycle to adapt the new tax structure.

30 Jun 2017 2:46 PM GMT

Chief executive Lakshmi Mittal of ArcelorMittal.

ArcelorMittal back in black on operating profit

Global steel giant booked net profit of $1.8 bn in 2016 against a net loss of $7.9 bn last year.

11 Feb 2017 7:23 AM GMT