Steel | DD News

October 6, 2026 3:39 PM

India’s steel consumption rises 7.5% in H1 FY27; crude steel output grows 2.9%

India’s finished steel consumption rose 7.5% to 84.9 million tonnes during April–September 2026, while crude steel production increased 2.9% to 85.1 million tonnes, according to provisional Joint Plant Committee data released by the Ministry of Steel on Tuesday. The country remained a net importer of finished steel by volume during the first half of FY 2026–27, with imports increasing 23.8% and exports rising 26.2% over the corresponding period last year. Finished steel production reache...

September 21, 2026 10:51 PM

Core sector output grows 4.8% in August 2026

The Index of Core Industries (ICI) grew by 4.8 per cent year-on-year in August 2026, according to provisional estimates released by the Ministry of Statistics and Programme Implementation. The growth was slightly lower than the 5.0 per cent recorded in July 2026, after the final July index was revised from 121.2 to 120.8. Among the eight core industries, cement, electricity, iron ore, steel and refinery products recorded positive growth in August. Cement output grew by 12.5 per cent, electrici...

August 25, 2026 4:35 PM

India’s finished steel output rises 4.7% in April-July, consumption grows 7.9%

India’s finished steel production rose 4.7 per cent year-on-year to 54.7 million tonnes (MT) during April-July 2026, while consumption grew at a faster pace of 7.9 per cent to 56 MT, signalling sustained strength in domestic steel demand, according to provisional data released by the Ministry of Steel. Crude steel production increased 2.4 per cent to 56.2 MT during the four-month period, compared with 54.9 MT in the corresponding period last year. Hot metal production also rose 2.7 per cent t...

April 3, 2026 1:15 PM

A year after ‘Liberation Day,’ Trump sets new drug tariffs, adjusts metals duties

U.S. President Donald Trump ordered 100% tariffs on certain branded pharmaceutical imports and overhauled steel, aluminum and copper duties on Thursday as his administration sought to move on from the collapse of the broad global tariffs he announced exactly one year ago. The new tranche of tariffs is aimed partly at rebuilding duties lost when the Supreme Court struck them down in February. But they drew criticism from some business groups for adding potential new cost pressures at a time when...

January 20, 2026 6:31 PM

India’s core sector grows 3.7% in December 2025 on higher output of cement, steel and coal

India's eight core infrastructure industries recorded a 3.7 per cent growth in December 2025, supported by higher production of cement, steel, coal, electricity and fertilisers, said the Commerce & Industry Ministry on Tuesday. The Index of Eight Core Industries (ICI), which tracks the performance of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity, rose to 175.7 points in December 2025, compared to 169.4 points in the same month last year. The cor...

November 4, 2025 3:17 PM

Union Minister H.D. Kumaraswamy launches third round of PLI scheme for specialty steel

Union Minister for Steel and Heavy Industries H.D. Kumaraswamy on Tuesday launched the third round of the Production-Linked Incentive (PLI) Scheme for Specialty Steel, marking a milestone in India’s efforts to strengthen domestic manufacturing and boost value-added steel production. The PLI Scheme for Specialty Steel, approved by the Cabinet in July 2021, is a flagship initiative under the Atmanirbhar Bharat vision to make India a global hub for high-end steel manufacturing. So far, the schem...

June 4, 2025 4:15 PM

US: Higher metals tariffs kick in as deadline for ‘best’ offers arrives

The U.S. tariff rate on most imported steel and aluminum doubled on Wednesday as President Donald Trump ratchets up a global trade war on the same day he expects trading partners to deliver their "best offer" in bids to avoid punishing import tax rates on other goods from taking effect in early July. Late on Tuesday, Trump signed an executive proclamation that puts into effect from Wednesday his surprise announcement last week that he was taking the tariffs on steel and aluminum imports that ha...

February 12, 2025 12:59 AM

EU, Canada and Mexico condemn Trump move to hike steel and aluminium tariffs

Mexico, Canada and the European Union on Tuesday condemned U.S. President Donald Trump's decision to impose tariffs on all steel and aluminium imports next month, a move that has fanned fears of a trade war. Trump signed proclamations late on Monday raising the U.S. tariff rate on aluminium to 25% from his previous 10% rate and eliminating country exceptions and quota deals as well as hundreds of thousands of product-specific tariff exclusions for both metals. The measures, due to take effect ...

February 11, 2025 9:35 AM

Trump raises tariffs to 25% on aluminum and steel imports

President Donald Trump substantially raised tariffs on steel and aluminum imports on Monday to a flat 25% "without exceptions or exemptions" in a move to aid the struggling industries but which increases the risk of a multi-front trade war. Trump signed proclamations raising the U.S. tariff rate on aluminum to 25% from his previous 10% rate and eliminating country exceptions and quota deals as well as hundreds of thousands of product-specific tariff exclusions for both metals. A White House ...

February 10, 2025 9:30 AM

Trump to announce 25% steel and aluminum tariffs in latest trade escalation

U.S. President Donald Trump said on Sunday he will introduce new 25% tariffs on all steel and aluminum imports into the U.S., on top of existing metals duties, in another major escalation of his trade policy overhaul. Trump, speaking to reporters on Air Force One on his way to the NFL Super Bowl in New Orleans, said he will announce the new metals tariffs on Monday. He also said he will announce reciprocal tariffs on Tuesday or Wednesday, to take effect almost immediately, applying them to ...