Amid the uproar over the removal of customs duty on apples imported from the US, the Commerce Ministry has clarified that the decision would not impact local players. Addressing a press conference on Tuesday, Peeyush Kumar, Additional Secretary, Commerce Ministry said that the government has sufficient policy space to support growers if there is any […]
India has imposed an anti-dumping duty on some Chinese steel for a period of another five years, according to an official gazette by the Ministry of Finance. An anti-dumping duty of USD 613 per tonne has been imposed on flat-base steel wheels from China, according to a notification on Monday. Such duty on steel wheels […]
India is monitoring steel imports after shipments from China touched a five-year high in the first four months of the fiscal year that began in April, the country’s steel secretary told Reuters on Monday. During April-July, China was the second-biggest steel exporter to India, after South Korea, selling 0.6 million metric tons, up 62 per […]
Steel Authority of India Limited (SAIL) reported a 74 per cent decline in consolidated net profits in April-June 2023 quarter at Rs 212.48 crore. The state-owned company declared its financial results for the June quarter on Thursday evening. In the same quarter last year, the net profits or Profit After Tax were Rs 804.5 crore. […]
The Steel Authority of India Limited (SAIL) has achieved record-breaking performance in the first quarter of the current financial year 2023-24 – both in terms of production and sales. The production of hot metal, crude steel, and saleable steel of 5.037 million tonnes (MT), 4.667 MT, and 4.405 MT, respectively, marked the best-ever first-quarter results, […]
The Indian Steel Association (ISA) is optimistic about the steel demand and is expecting a growth of 7.5 per cent to 128.85 million tonne (MT) in the current financial year, according to a media report on Saturday. ISA said higher production and domestic demand have caused the steel demand in FY23 to rise by about […]
