State of Odisha being propped to become India’s steel hub, says minister

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India’s minister of steel, Dharmendra Pradhan has said the Centre is committed to developing the mineral-rich state of Odisha as an international hub for steel sector’s ancillary industries. The state of Odisha is amongst the richest mineral bearing states of the country,” he said in a tweet. The steel minister held a meeting with officials to discuss […]

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India slaps anti-dumping duty on steel imports to protect domestic industry

The Indian government said it was imposing anti-dumping duty on stainless steel, an effort to protect the beleaguered local industry from cheap imports flooding the market. The anti-dumping duty between 5-57 percent has been levied for a period of five years after domestic companies complained that their bottomline was being hit by cheap imports from […]

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Alarms sounds for India’s biggest steelmakers – Chicago Tribune

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The companies are suffering a triple blow from a glut of domestic production, soaring imports and prices at a six-year low, just as Prime Minister Narendra Modi seeks to spur growth in Asia’s third-biggest economy. The industry owes 2.87 trillion rupees($43.8 billion) of loans, an increasing amount of it close to delinquency, and the big […]

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