Industry Updates

Centre waives import duty on some raw materials for steel industry

May 21, 2022

Centre waives import duty on some raw materials for steel industry

The government has waived customs duty on the import of some raw materials, including coking coal and ferronickel, used by the...

Govt mulls scrapping requirement of forest clearance for exploration of blocks

May 26, 2022

Govt mulls scrapping requirement of forest clearance for exploration of blocks

The mines ministry has proposed to do away with the requirement of obtaining forest clearance for exploration of mineral blocks...

Arcelor Mittal Nippon Steel India announces Rs 1,000 crore additional investment in Andhra

May 25, 2022

Arcelor Mittal Nippon Steel India announces Rs 1,000 crore...

Steelmaker ArcelorMittal Nippon Steel (AMNS) India will invest an additional Rs 1,000-crore in Andhra Pradesh to expand its pellet plant...

Mining body calls iron ore export duty hike self-defeating

May 23, 2022

Mining body calls iron ore export duty hike "self-defeating"

The increase in export taxes on iron ore, announced by the Indian government over the weekend, will lead to large surpluses at home...

Increase in India's export duties on iron ore, pellets to raise costs for steel mills: Moody's

May 24, 2022

Increase in India's export duties on iron ore, pellets to raise...

India's imposition of higher export tax on iron ore and various intermediate products such as pellets will raise costs for steel mills...

Copper price may drop to Rs 720 per kg in FY23: Crisil

May 12, 2022

Copper price may drop to Rs 720 per kg in FY23: Crisil

Domestic copper prices, which had increased sharply over the past year, may drop gradually to average Rs 720-725 per kg in 2022-23...

With the duty, steel companies are forced to vacate export markets... our loss is China's gain

May 26, 2022

With the duty, steel companies are forced to vacate...

Steel prices in India had already corrected 10% in line with global trends when the government surprised the industry with a...

Domestic steel industry hit by moving train post govt's duty measures: ICRA

May 23, 2022

Domestic steel industry hit by moving train post govt's...

The domestic steel sector has been "hit by a moving train," ratings agency Icra said reacting to the duty-related measures taken by the...

Industry news / Most recent

Steel Rates Go Down Further, Bizmen Happy

05 June 2022

Steel Rates Go Down Further, Bizmen Happy

Ludhiana: With little less than two weeks of the Centre taking measures of duty imposition on export of certain steel and waiving off import duty from...

Manufacturers in fix as customers demand discount

31 May 2022

Manufacturers in fix as customers demand discount

Ludhiana: Engineering products manufacturers of the city are in a soup due to the decrease in the rates of steel...

Taparia Tools Expanding With Strong Product Line

May 29, 2022

Taparia Tools Expanding With Strong Product Line

The Mumbai-based company has 75% market share of the organised hand tool market in India. Taparia Tools Ltd (TTL) is a 53-year-old manufacturer...

Excise Duty Reduction To Help In Bringing Down Logistics Cost: Exporters

May 22, 2022

Excise Duty Reduction To Help In Bringing Down Logistics Cost...

Federation of Indian Export Organisations (FIEO) President A Sakthivel said these measures will bring down the domestic prices of key...

Power outage: Jalandhar MSMEs' new struggle

May 20, 2022

Power outage: Jalandhar MSMEs' new struggle

With the Covid-19 pandemic showing signs of ebbing and economic activity picking up, factory owners in Jalandhar had hoped that the worst was over...

India To Make Rapid Investments To Modernize The Defence Sector

18 May 2022

India To Make Rapid Investments To Modernize The Defence Sector

The second day of CII EXCON focused on the technological superiority in the defence sector and how it is going to be the decisive factor in future battles...

Tata Steel says govt's export tax decision could alter output targets

May 24, 2022

Tata Steel says govt's export tax decision could alter output targets

T. V. Narendran, chief executive of India's biggest steelmaker by revenue, said that while Tata Steel understood the inflationary...

JSW Infra commissions Rs 1,300-cr Paradip East Quay coal terminal

May 24, 2022

JSW Infra commissions Rs 1,300-cr Paradip East Quay coal terminal

JSW Infrastructure has started commercial operations at the Paradip East Quay coal terminal in Odisha, developed at an investment of...

Auction of mineral blocks stabilised in country; 186 mines put on sale so far

May 25, 2022

Auction of mineral blocks stabilised in country; 186 mines...

The government on Wednesday said the auction of mineral blocks has stabilised in the country as 186 mines have been put on sale...

Ten steps the government has taken recently to cool prices

May 25, 2022

Ten steps the government has taken recently to cool prices...

The government responded to high inflation in the economy by announcing a series of steps to cool prices and cushion the impact on the...

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