+
Steel Industry Urges Policy Changes to Counter Rising Imports
Steel

Steel Industry Urges Policy Changes to Counter Rising Imports

The Indian steel industry is closely monitoring policy changes in 2025, seeking safeguards against rising imports, which are harming its growth prospects. With the government's push for green steel production, the sector is also facing the challenge of transitioning to cleaner manufacturing processes amidst fluctuating raw material costs.

India's steel production capacity is projected to reach 300 million tonnes per annum (MnTPA) by 2030, but the industry needs an investment of around Rs 10 lakh crore to meet this target. Despite growth, India remains a net importer of steel, with imports increasing by 41% in the first half of FY25 compared to the previous year.

The Ministry of Steel is pushing for protection against cheap imports, particularly from China and Vietnam. India’s proposed safeguard duty on certain steel products aims to curb the impact of these imports.

In addition to battling imports, the steel sector is focused on green steel initiatives, with global demand for critical minerals such as lithium and cobalt driving the future of the industry.

The Indian steel industry is closely monitoring policy changes in 2025, seeking safeguards against rising imports, which are harming its growth prospects. With the government's push for green steel production, the sector is also facing the challenge of transitioning to cleaner manufacturing processes amidst fluctuating raw material costs. India's steel production capacity is projected to reach 300 million tonnes per annum (MnTPA) by 2030, but the industry needs an investment of around Rs 10 lakh crore to meet this target. Despite growth, India remains a net importer of steel, with imports increasing by 41% in the first half of FY25 compared to the previous year. The Ministry of Steel is pushing for protection against cheap imports, particularly from China and Vietnam. India’s proposed safeguard duty on certain steel products aims to curb the impact of these imports. In addition to battling imports, the steel sector is focused on green steel initiatives, with global demand for critical minerals such as lithium and cobalt driving the future of the industry.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code