Indian Steel Producers Concerned, Prices Depressed

14 Jun 2024 CW Team

Indian steel producers are grappling with several challenges that are impacting the industry's dynamics. Weak domestic demand, coupled with Chinese dumping of steel products, has led to a significant downturn in steel prices, causing concerns among producers and stakeholders. The situation reflects broader economic trends and trade dynamics affecting the steel sector globally and in India.

The weakening domestic demand for steel has put pressure on producers to adjust their strategies and production levels. This trend is reflective of broader economic conditions and consumption patterns within India, which influence the demand for steel across various sectors such as construction, manufacturing, and infrastructure development.

Chinese dumping of steel products has exacerbated the situation for Indian producers. The influx of cheaper steel from China has created an imbalance in the market, leading to a further depression in steel prices. This has raised concerns among Indian steel manufacturers regarding fair competition and market sustainability.

The depressed steel prices are impacting the profitability and viability of Indian steel producers. It has become imperative for them to navigate these challenges strategically, focusing on efficiency, cost management, and market positioning to sustain operations and weather the current market conditions.

Despite these challenges, Indian steel producers continue to play a crucial role in the country's industrial landscape, contributing significantly to infrastructure development, manufacturing, and employment generation. The industry's resilience and adaptability will be key in overcoming the current hurdles and driving sustainable growth in the future.

Infrastructure Urban

07 Nov 2025

Welspun Enterprises Wins 910 MLD Panjrapur WTP Contract

Welspun Enterprises (WEL), the infrastructure and energy arm of Welspun World, has secured a major contract from the Brihanmumbai Municipal Corporation (BMC) to design, build and operate a 910 million litres per day (MLD) Water Treatment Plant (WTP) at Panjrapur, Maharashtra.Valued at approximately Rs 31.45 billion, the project encompasses end-to-end civil, mechanical, electrical and instrumentation works, including the construction of a treated water sump and pumping station. Of the total value, nearly Rs 11.56 billion is allocated to Operations & Maintenance (O&M), with an additional..

Mitsubishi Power Wins Boiler Upgrade Contract for O Mon 1 Plant

Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, (MHI), has been awarded a contract to support the oil-to-natural-gas fuel conversion at the O Mon 1 Thermal Power Plant in Can Tho, southern Vietnam. As the OEM of the plant’s existing boiler, Mitsubishi Power will supply key equipment—including new gas burners—and implement a selective catalytic reduction (SCR) system to reduce NOx emissions and help the plant meet stricter environmental standards.The O Mon 1 facility includes two 330 MW units that commenced operations in 2009 and 2015, with all major equipment or..

Liebherr’s 10,000th XPower Wheel Loader Joins BERGER’s Fleet

BERGER Rohstoffe GmbH has welcomed the 10,000th Liebherr XPower wheel loader to its operations at the Schlag granite quarry in Passau. The milestone machine, officially handed over at Liebherr’s Bischofshofen plant in May 2025, underscores the long-standing partnership between BERGER, Liebherr, and the Beutlhauser Group. Equipped with Liebherr’s signature power-split travel drive, the new L 580 XPower is already delivering strong results under demanding quarry conditions.At the Schlag quarry, BERGER Rohstoffe processes approximately 200,000 tonnes of Bayerwald granite annually into high-qu..