Steel Imports News - Latest Updates & Headlines
Naveen Jindal lauds 12 pc safeguard duty on steel imports
New Delhi, April 22: Naveen Jindal, President of the Indian Steel Association and Chairman of Jindal Steel and Power, on Tuesday welcomed 12 per cent safeguard duty on certain flat steel products for 200 days, effective from April 21.
HD Kumaraswamy welcomes 12 pc safeguard duty to shield Indian steel sector
New Delhi, April 21: Union Minister for Steel and Heavy Industries, HD Kumaraswamy, on Monday welcomed the Centre’s decision to impose a 12 per cent safeguard duty on the import of certain non-alloy and alloy steel flat products.
Govt proposes 12 pc safeguard duty to protect steel industry from dumping cheap imports
New Delhi, March 19: India's Directorate General of Trade Remedies (DGTR) has recommended a 12 per cent safeguard duty on some steel products to protect the country's domestic industry from a surge in dumping of cheap imports from countries like China, South Korea and Vietnam, due to the sharp increase in US tariffs announced by the Donald Trump administration.
S. Korea to prevent circumvention of antidumping duties on steel imports
Seoul, March 19: South Korea will take measures to prevent the circumvention of antidumping duties on imported steel products as part of efforts to protect the local steel industry amid heightened global trade barriers, the industry ministry said on Wednesday.
PLI scheme for speciality steel expected to attract Rs 27,106 crore investment
New Delhi, March 18: The Centre's Production Linked Incentive (PLI) Scheme to promote the manufacturing of speciality steel is anticipated to attract an additional investment of Rs 27,106 crore with downstream capacity creation of around 25 million tonnes, the Parliament was informed on Tuesday.
India reviewing impact of US tariffs, ensuring trade stability: Minister
New Delhi, March 17: The Indian government is closely analysing the impact of the 25 per cent tariff imposed by the United States on steel and aluminium imports, the Parliament was informed on Monday.
EU announces countermeasures in response to US tariffs on steel, aluminium products
Brussels, March 13: The European Commission has announced it would launch "swift and proportionate countermeasures" on US imports into the European Union in response to the tariffs imposed by the US on EU steel and aluminium imports."
Canada hits back with tariffs on USD 29.8 billion worth of US goods
Ottawa, March 12: In response to US President Donald Trump's decision to impose tariffs on Canadian steel and aluminium on Wednesday morning, Canada's federal government hits back with tariffs on USD 29.8 billion worth of American goods effective March 13 morning, CBC News reported.
US stock markets decline as Trump announces retaliatory tariffs on Canadian steel and aluminum
Washington, DC, March 11: The U.S. stock markets continued to decline on Tuesday after President Donald Trump announced additional tariffs on steel and aluminum imports from Canada.
Safeguard duties would boost margins of Indian steel firms: Nomura
Mumbai, March 7: Any steps to safeguard India's steel industry would boost prices and increase the margins of domestic manufacturers, Nomura Research said in a report on Friday as the domestic industry has urged the government to clamp down on the flow of cheap imports flowing into the country.
Tata Steel expects govt to clamp anti-dumping duty on cheap steel imports
Mumbai, Feb 21: Tata Steel CEO and Managing Director T.V. Narendran on Friday said the government is considering the steel industry's request for the imposition of anti-dumping duties very seriously as cheap Chinese imports are flooding the Indian market and the situation looks even grimmer in the wake of a possible hike in US tariffs.
If imposed, safeguard duty on steel imports will have limited impact on domestic industry: Report
New Delhi, February 17: If the Indian government imposes safeguard duties on steel imports it will have a limited impact on the domestic steel Industry, says a report by HDFC Securities.
Stock market opens lower as Trump announces steep tariffs on steel, aluminium
Mumbai, Feb 11: The domestic benchmark indices opened lower on Tuesday, as US President Donald Trump formally announced plans to impose 25 per cent tariffs on all steel and aluminium imports coming into the United States "without exceptions or exemptions”.
South Korea holds emergency meeting on US tariffs on steel, aluminum imports
Seoul, Feb 10: South Korea's industry ministry held an emergency meeting on Monday to assess the possible impact on local businesses from the United States' plan to impose a 25 per cent tariff on all steel and aluminium imports.
Trump says he will announce 25 pc duties on steel, aluminum imports; threatens more to come
New York, Feb 10: US President Donald Trump has said that he will announce a 25 per cent duty on all steel and aluminum imports, a long-standing contentious category of trade for India and the US.
Stock market trades lower as Trump threatens new tariff on all steel, aluminium imports
Mumbai, Feb 10: The domestic benchmark indices opened lower on Monday as US President Donald Trump threatened to start imposing a new 25 per cent tariff on all steel and aluminium imports, including those from Canada and Mexico.
South Korea reviews measures amid new Trump tariff plan
Seoul, Feb 10: Acting President Choi Sang-mok on Monday discussed measures to address the impact on South Korea's steel and related industries following US President Donald Trump's announcement of new tariffs, his office said.