Steel

Core sector industries record 4% growth in December

India's eight core sector industries recorded a 4% year-on-year growth in December 2024, driven by increased production in coal, steel, and electricity, according to government data released on Friday. The core industries include coal, natural gas, crude oil, refinery products, fertilizers, cement, steel, and electricity, comprising 40.27% of the Index of Industrial Production (IIP). The growth rate of these industries serves as an indicator of overall industrial growth. With the exception of ...

September 30, 2024 5:58 PM

India initiates anti-dumping probe on some steel imports from China

The Indian government has officially initiated an anti-dumping investigation concerning the import of Cold Rolled Non-Oriented Electrical Steel from China, as per a recent notification from the central government. The application for the investigation was filed by POSCO Maharashtra Steel Pvt. Ltd. and CSCI Steel Corporation India Pvt. Ltd. on behalf of the domestic steel industry. The Directorate General of Foreign Trade indicated that the applicants alleged the imported steel is being sold at ...