Steel Sector

Friday, Apr 26, 2024 | Last Update : 01:27 PM IST

Union minister Dharmendra Pradhan. (Photo: File)

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 10:52 AM

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.

01 Oct 2019 2:10 AM

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 2:11 PM

Eight core sectors grew by 6.6 per cent in July pushed by healthy output in coal, refinery products, cement and fertiliser.

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 electricity.

31 Aug 2018 6:54 PM

A weak rupee will adversely affect the Indian industry as it has to extensively depend on imported inputs such as coking coal, steel scrap etc.

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 10:20 AM

Tata Steel Ltd CEO and Managing Director T V Narendran on Wednesday said the steel sector has been witnessing a positive growth and this trend will continue with improving economic activities across the world.

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 5:41 PM

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

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.

01 Jul 2017 6:15 PM

Unorganised section in the steel industry may face a little pain post GST rollout.

'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 8:16 PM

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 1:18 PM

Steel Minister Chaudhary Birender Singh.

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

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

19 May 2017 5:48 PM

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 12:53 PM

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Sunil Gatade

steel sector