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India, six others flags UK steel curbs at WTO

India, six others flags UK steel curbs at WTO

India and six nations flagged UK's new steel import curbs at WTO, reducing tariff-free quotas by 60% from July 1, with a 50% tariff on excess. This delays the India-UK trade pact, seeking "least trade-restrictive" solutions.
Automotive Steel Market at USD 31.93 Billion in 2025 to Reach USD

Automotive Steel Market at USD 31.93 Billion in 2025 to Reach USD

The Automotive Steel Market, valued at USD 31.93 billion in 2025, is projected to reach USD 77.96 billion by 2032 with a 13.6% CAGR. Driven by the EV revolution and lightweight mobility, demand for advanced steel in battery enclosures and structural components is surging globally.
As US-Iran Negotiations Continue, What Is the Outlook for Galvanized Sheet Exports in May?

As US-Iran Negotiations Continue, What Is the Outlook for Galvanized Sheet Exports in May?

April galvanized sheet exports hit 1.1761 million mt, up 1.65% MoM but down 8.84% YoY. Cumulative exports fell 5.35%. May's outlook is negative due to unrecovered Middle East orders, rainy season, and low exchange rates.
Spike in freight rates amid global tensions big challenge for steel sector: Tata Steel official

Spike in freight rates amid global tensions big challenge for steel sector: Tata Steel official

Global freight rates surged 28-30% amid geopolitical tensions, posing the biggest challenge for India's steel sector by increasing input costs. Despite strong domestic demand and production growth in FY25-26, supply-chain vulnerabilities persist.
India’s Core Sector Growth Quickens to 1.7% in April on Cement, Steel Boost

India’s Core Sector Growth Quickens to 1.7% in April on Cement, Steel Boost

India's core sector growth quickened to 1.7% in April 2026, up from 1.2% in March, marking six consecutive months of expansion. Cement, electricity, and steel production boosted growth, while coal, crude oil, natural gas, and fertilisers remained weak.
India’s MSL floats subsidiary to mark entry into steel pipe making for oil exploration and electricity generation

India’s MSL floats subsidiary to mark entry into steel pipe making for oil exploration and electricity generation

MSL launched United Seamless Limited to enter steel pipe manufacturing for oil exploration and electricity generation. This strategic move aims to diversify its product portfolio, tap high-growth sectors, and unlock new revenue streams.
BIR: Turkey’s scrap imports and pricing continue to shape global ferrous trade

BIR: Turkey’s scrap imports and pricing continue to shape global ferrous trade

Turkey's scrap imports and pricing continue to shape global ferrous trade. Deep-sea prices rose over $25/mt. US exports to Turkey surged >140%. India's imports fell from 430,000 mt to 250,000-300,000 mt, reflecting a weakening market.
Tata Steel UK wins exemption from US steel tariff rules

Tata Steel UK wins exemption from US steel tariff rules

Tata Steel UK secured a US tariff exemption, allowing its British-processed steel to enter the US at a 25% duty, down from 50%. This aids Port Talbot's 2024 transition to electric-arc furnaces, despite temporary reliance on imported raw material.
Steel product maker Jindal India completes ₹1,500 cr expansion in Bengal

Steel product maker Jindal India completes ₹1,500 cr expansion in Bengal

Jindal India completed its ₹1,500 cr expansion in West Bengal, commissioning a new colour coating line. This boosts annual production to 2,75,000 tonnes, aiming for 60,000 tonnes/month capacity and 75% revenue growth by FY'27.
Overseas Steel Price Spread Continues to Narrow, Off-Season Impact Intensifies

Overseas Steel Price Spread Continues to Narrow, Off-Season Impact Intensifies

Overseas steel price spreads are narrowing, intensifying off-season impact. China-Indonesia billet spread tightened. India's slowed demand pushed mills like RINL into international markets, narrowing India-China resource price differences.

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