Steel Authority of India Limited (SAIL.NS)

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118.54

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At close: April 3 at 3:30:00 PM GMT+5:30

India's steel secretary says met coke availability 'more than adequate'

India's steel secretary on Wednesday said the country has "more than adequate availability" of a key steelmaking ingredient, weeks after ArcelorMittal's India joint venture said it may have to curtail local steel production due to import restrictions. India, the world's second-biggest crude steel producer, could extend restrictions on imports of low-ash metallurgical coke, or met coke, to encourage local steel mills to source the ingredient from domestic suppliers, Reuters reported last month. Domestic production of met coke is at 7.1 million metric tonnes but the total demand is very little, he said, adding that the industry is running at less than half capacity.

Reuters 22 days ago

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India's April-January finished steel imports touch record high

India's finished steel imports rose to an all-time high in the first 10 months of the financial year that started in April, according to provisional government data reviewed by Reuters on Thursday. India, the world's second-biggest crude steel producer, imported 8.3 million metric tons of finished steel during April-January, up 20.3% from a year earlier, the data showed. India remained a net importer during the period, the data showed.

Reuters last month

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India's JSW Steel, SAIL in talks with Mongolia for coking coal shipments, sources say

India's JSW Steel and state-run Steel Authority of India (SAIL) are in talks with Mongolian authorities to import two shipments of coking coal, two sources with direct knowledge of the matter said. JSW Steel, the country's biggest steelmaker by capacity, plans to buy 2,500 metric tons, while SAIL aims to import 75,000 metric tons of the steelmaking raw material from Mongolia, said the sources who requested anonymity as the plans are not public.

Reuters 4 months ago

JSWSTEEL.BO

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Indian steelmakers make new push for temporary tax to check cheap imports

India's steelmakers have urged the government to immediately impose a temporary tax to stem cheap imports from China, Japan and South Korea, according to the latest industry presentation, in a fresh move to pressure New Delhi to curb cheap overseas supplies. "Surging steel imports is a major concern especially from surplus and major exporting countries including China, Japan and Korea," the Indian Steel Association (ISA), a producers' body, said in its presentation to the Directorate General of Trade Remedies (DGTR), an arm of the federal trade ministry. The steel industry's presentation to DGTR has not been previously reported.

Reuters 4 months ago

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India’s SAIL and BHP join forces for steel decarbonisation

The partnership aims to identify strategies to reduce greenhouse gas (GHG) emissions in the steel-making process.

Mining Technology 5 months ago

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India's SAIL ties up with BHP to reduce carbon emissions

The companies are considering the use of hydrogen and biochar at SAIL's plants while also building local research and development. "The emergent need to align the steel sector with climate commitments is non-negotiable," SAIL Chairman Amarendu Prakash said.

Reuters 5 months ago

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Indian steelmaker group warns of rising Chinese imports after US tariffs

India's leading steelmakers' group warned on Friday of a further increase in imports from China following a U.S. decision to impose 25% tariffs on Chinese steel imports. U.S. President Joe Biden's administration this month locked in steep tariffs on Chinese imports, including 25% on steel and aluminium that kicked in from Friday. "The increased trade remedial tariffs on Chinese steel by U.S. is further going to impact the Indian steel industry adversely with diversion directed to India," Alok Sahay, secretary general of the Indian Steel Association (ISA), told Reuters.

Reuters 6 months ago

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Indian steelmakers seek higher tariffs as Chinese imports surge

India's steelmakers have called on the government to double tariffs on steel imports to curb a surge in cheaper steel shipments from China, according to a letter from an industry association seen by Reuters. Finished steel imports from China hit a seven-year high over April-August while overall finished steel imports hit a six-year high of 3.7 million metric tons. In a letter dated Sept. 2, the Indian Steel Association (ISA) called on Minister of Finance Nirmala Sitharaman to double the customs duty on steel imports to 15%.

Reuters 6 months ago

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Indian steelmakers' body seeks export tariff on low-grade iron ore, pellets

India's leading steelmakers' body wants the government to impose an export tax on low-grade iron ore and pellets to address local shortages, according to a letter by the Indian Steel Association (ISA), which was seen by Reuters. India, the world's fourth-largest producer of the steel-making ingredient, targets to double its steel output to 300 million metric tonnes per year by 2030 to aid its economic expansion and infrastructure development. The ISA has sought a 20% export tax on low grade ore that has less than 58% iron content, and a 10% export tax on all iron ore pellets, it said in a July 17 letter to the federal Ministry of Steel.

Reuters 7 months ago

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Indian steelmakers seek to soften proposed import curbs on key raw material

Indian steelmakers want the government to soften proposed import restrictions on metallurgical coke, a key ingredient in steelmaking, saying the curbs will hit steel mills' capacity expansion, a letter from the Indian Steel Association, seen by Reuters on Friday, said. India, the world's second-biggest producer of crude steel, in April proposed a country-specific import quota to cap annual imports of low ash metallurgical coke, also known as met coke, at 2.85 million metric tons for one year.

Reuters 7 months ago

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India's steel ministry seeks probe into cheaper imports, government source says

NEW DELHI (Reuters) -India's federal Ministry of Steel has asked the trade ministry to investigate cheaper steel imports from China and Vietnam, a government source directly aware of the matter told Reuters on Wednesday, as New Delhi grapples with rising imports. India, the world's second-biggest crude steel producer, turned net steel importer in the fiscal year through March and the trend continued with finished steel imports scaling a five-year high in April and May, according to provisional government data.

Reuters 7 months ago

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Performance Overview

Return	SAIL.NS	S&P BSE SENSEX (^BSESN)
YTD	+4.78%	-2.36%
1-Year	-19.39%	+3.27%
3-Year	+23.54%	+28.71%

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Steel Authority of India Limited (SAIL.NS)

India's steel secretary says met coke availability 'more than adequate'

India's April-January finished steel imports touch record high

India's JSW Steel, SAIL in talks with Mongolia for coking coal shipments, sources say

Indian steelmakers make new push for temporary tax to check cheap imports

India’s SAIL and BHP join forces for steel decarbonisation

India's SAIL ties up with BHP to reduce carbon emissions

Indian steelmaker group warns of rising Chinese imports after US tariffs

Indian steelmakers seek higher tariffs as Chinese imports surge

Indian steelmakers' body seeks export tariff on low-grade iron ore, pellets

Indian steelmakers seek to soften proposed import curbs on key raw material

India's steel ministry seeks probe into cheaper imports, government source says

Performance Overview