India's Steel Ministry Backs Import Tax

22 Oct 2024 CW Team

India's Steel Ministry is reportedly advocating for the imposition of a temporary tax on steel imports to protect the domestic industry from a recent surge in foreign steel entering the market. The ministry's proposal aims to safeguard local steelmakers from the price volatility and competitive pressures posed by imported steel, which could destabilize the industry. The proposed tax would act as a short-term measure to stabilize the market and ensure a level playing field for domestic producers.

This move comes in response to concerns raised by industry stakeholders about the increasing volume of steel imports, which they argue undermines local production and disrupts the supply chain. The tax would help mitigate the impact of low-priced imports, particularly from countries like China, which have been flooding the global market with cheaper steel products. By introducing this measure, the ministry seeks to support local steelmakers in maintaining competitive pricing and profitability.

India’s domestic steel industry has faced significant challenges due to fluctuating global steel prices, and the government’s intervention is seen as crucial to protecting the sector from further disruptions. The ministry's stance reflects broader efforts to bolster domestic manufacturing and reduce dependency on foreign imports. Additionally, the move aligns with India's goals of promoting self-reliance and strengthening its industrial base in key sectors like steel.

If implemented, the temporary tax could offer much-needed relief to local steelmakers, helping them navigate the current market dynamics and maintain stability amid global uncertainties. However, the proposal is still under discussion and awaits approval from the government, as officials weigh the potential impact on trade relations and domestic demand.

Infrastructure Transport

05 Feb 2026

MMRDA Installs 325-Tonne Steel Spans on Mumbai Metro Line 4

The Mumbai Metropolitan Region Development Authority (MMRDA) has achieved a key construction milestone on Metro Line 4 with the successful installation of three large steel spans at Bhandup West during overnight operations.The spans, together weighing 325 metric tonnes, were launched using eight heavy-duty cranes and 12 multi-axle vehicles. The operation required precise engineering and meticulous planning to minimise disruption in the densely populated suburban area.Due to effective inter-agency coordination, the work—originally scheduled across four nights—was completed within just two n..

CMRL Targets March 2027 Opening for Vadapalani–Panagal Park

Chennai Metro Rail Limited (CMRL) is progressing as scheduled to open the Vadapalani–Panagal Park section of Phase II’s Corridor 4 by March 2027. The 3.5 km underground stretch is part of the 26.1 km Corridor 4 connecting Lighthouse with Poonamallee Bypass.Construction activities are advancing steadily, with tunnelling works between Vadapalani and Panagal Park already completed. Track-laying operations are expected to commence shortly. At Panagal Park station, structural works have reached the concourse and platform levels, while excavation continues at the lowest level.CMRL is also consid..

Maha-Metro Invites Pune Metro Civil Maintenance Bids

Maharashtra Metro Rail Corporation Limited (Maha-Metro) has invited bids for the annual civil maintenance contract of the Pune Metro Rail Project. The tender, bearing ID and number P1-O&M-20/2025, is scheduled to close on 23 February 2026, with a pre-bid meeting slated for 10 February 2026. The earnest money deposit (EMD) for the contract is Rs 3,50,500, and the duration of the contract is one year.The scope of work includes annual civil maintenance of 28 elevated and underground stations, 28.079 km of elevated viaduct including steel bridges, 12.15 km of tunnels, and two depots under the ..