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.

Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

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.

Next Story
Infrastructure Energy

Orb Energy Achieves Rs 3 Bn Milestone in Solar Financing Success

Orb Energy, a vertically integrated solar energy solutions provider, has achieved a significant milestone by surpassing Rs 3 billion in financing disbursements through its in-house finance facility that requires no collateral or down payment. This accomplishment underscores its dedication to supporting small and medium enterprises (SMEs) and micro, small, and medium enterprises (MSMEs) in India in transitioning to cost-effective solar energy solutions. The company has installed approximately 350 MW of solar photovoltaic systems nationwide, with a strong foothold in southern and western India...

Next Story
Infrastructure Energy

90% Defaulters Yet to Settle Rs 3.17 Bn Power Dues in Noida

Out of a total of 1.31 lakh defaulters in Noida, only 13,500 consumers availed of the one-time settlement (OTS) scheme during its first phase. The Uttar Pradesh Power Corporation (UPPCL) launched the scheme in three phases, from December 15, 2024, to January 31, 2025. These consumers cleared dues amounting to Rs 300.40 million out of a total Rs 3.47 billion owed. Officials emphasized that stricter enforcement of the scheme would be implemented in the coming phases. During a recent weekend meeting with the technical team of the power department, the Noida zone's chief engineer instructed that..

Next Story
Infrastructure Energy

NER Invites Bids for 10 MW Rooftop Solar Projects in Uttar Pradesh

The Varanasi division (electrical) of Northeastern Railway has recently issued four tenders for a total of 10.4 MW on-grid rooftop solar systems to be installed at various buildings in Gorakhpur, Uttar Pradesh. The tenders include different project capacities, with submission deadlines set between January 31 and February 3, 2025. Bidders are required to submit earnest money deposits (EMDs) ranging from Rs 0.89 million to Rs 1.2 million depending on the tender, with the expected project costs varying between Rs 148 million and Rs 174.08 million. The selected contractors will be tasked with sup..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000