India Tackles Rising Steel Imports

23 Sep 2024 CW Team

India is actively discussing measures to manage rising steel imports, as stated by Steel Minister H.D. Kumaraswamy. The minister highlighted that despite robust domestic demand, the surge in imports poses significant challenges for local steelmakers.

Key Points:

Current Import Trends: India, the second-largest producer of crude steel, has been a net importer throughout the fiscal year ending March 2024 and continued this trend from April to July.

Top Exporters: China emerged as the largest steel exporter to India during this period, followed by Japan and South Korea.

Impact on Prices: The influx of imports has contributed to a decline in local steel prices, which have reached their lowest levels in over three years, according to data from BigMint.

Government Response: Kumaraswamy indicated that the ministry aims to persuade the finance ministry to increase tariffs on steel imports to safeguard domestic manufacturers from cheaper imports, particularly from China.

Anti-Dumping Measures: In August, India launched an anti-dumping investigation on specific steel products imported from Vietnam, responding to concerns from leading steel producers like JSW Steel and ArcelorMittal Nippon Steel.

Conclusion: The Indian government is taking proactive steps to protect its steel industry amid rising imports, ensuring the sustainability of local production.

Real Estate

04 Aug 2026

LML Realty Launches Cinema Campaign on Industrial Vision

LML Realty has launched a cinema advertising campaign in partnership with PVR INOX across 81 screens in Gurugram and Faridabad, showcasing the brand’s transformation from a mobility icon to an industrial infrastructure developer.The campaign features a cinematic brand film tracing LML’s journey since 1972, beginning with its iconic scooters and highlighting its evolution into creating infrastructure solutions that support India’s manufacturing growth.The film focuses on LML Industrial Park at Jhirka Valley, the company’s flagship industrial development approved under the Haryana Govern..

IIM Ahmedabad Publishes Case Study on HoABL’s Business Model

The Indian Institute of Management Ahmedabad (IIMA) has published a case study on The House of Abhinandan Lodha (HoABL), examining the company’s digital-first consumer journey and business model that created India’s branded land category.Titled “HoABL: Ready for Scaling Up”, the case study has been published by the IIMA Case Centre and co-authored by Sourav Borah, Associate Professor of Marketing at IIMA, and Dr Aparna Kansal of IMT Ghaziabad. IIMA case studies are used across management and executive education programmes to help students and business leaders analyse strategic decision..

Advait Energy and MEIL Partner for Energy Transition Projects

Advait Energy Transitions Limited (AETL) and Manipal Energy Infratech Limited (MEIL), a company of The Manipal Group, have entered into a strategic Memorandum of Understanding (MoU) to collaborate on power and energy transition opportunities across India and international markets.The partnership aims to combine AETL’s expertise in innovative energy technologies and manufacturing with MEIL’s EPC execution capabilities and project management experience. The collaboration will focus on opportunities across Power Transmission & Distribution, Renewable Energy, Battery Energy Storage Systems..