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Business News Today: Read latest breaking headlines for Business news, Financial news, Stock/Share market & Indian Economy news & updates on Businessline.
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Trump revises tariffs on copper, aluminum and iron imports to boost US industry
3+ mon, 1+ week ago (122+ words) BusinessLine Trump amends tariffs on copper, aluminum and iron imports to boost manufacturing The changes lower tariffs on some agricultural equipment imports from 25% to 15% and apply a 15% tariff to specified industrial equipment imported from countries covered by trade agreements U.S. President…...
Steel ministry pushes to end metallurgical coke tariffs, document shows
3+ mon, 3+ week ago (290+ words) India's Ministry of Steel has asked the Ministry of Finance to withdraw anti-dumping tariffs on low-ash metallurgical coke imports, citing inadequate domestic supplies and higher prices, according to a government document reviewed by Reuters. India, the world's second-largest crude steel…...
Trump to reduce steel, aluminum tariff rates for derivative products, sources say
5+ mon, 1+ week ago (304+ words) The Trump administration plans to reshape its steel and aluminum tariff regime, keeping a 50 per cent tariff for commodity steel and aluminum imports while reducing duties on derivative products made from the metals to 15 per cent or 25 per cent, depending…...
“We have always played by the rules,” says Tata Steel’s Narendran on CCI cartelisation charges
7+ mon, 3+ day ago (412+ words) Tata Steel has managed to ride out the volatile steel prices in the December quarter and expects the March quarter realisations in India to be better than the previous quarter, according to Managing Director and CEO, TV Narendran. On the…...
Recalibrate safeguard duty to stop dumping, says JSW Steel chief
10+ mon, 3+ week ago (208+ words) JSW Steel has managed to protect its profit margins despite uncertainty over US tariff and geopolitical developments. The cost saving measures and focus on value-added products have helped the company in a seasonally weak quarter. Jayant Acharya, Joint Managing Director…...
Steel Exchange India secures ₹350 cr refinancing facility
11+ mon, 1+ week ago (252+ words) Steel Exchange India, a leading integrated steel manufacturer in South India, has refinanced its existing debt at a lower rate. The company has secured sanctions of ₹350 crore of refinancing facilities from a consortium of leading financial institutions including Kotak Mahindra…...
SC approves JSW Steel’s takeover of Bhushan Power and Steel
11+ mon, 2+ week ago (62+ words) The Supreme Court of India approved on Friday a $2.3-billion takeover by steelmaker JSW Steel of Bhushan Power and Steel. SC approves JSW Steel's takeover of Bhushan Power and Steel The Supreme Court of India approved on Friday a $2.3-billion…...
Jindal Stainless Steel expects anti-dumping duty on imports in 4-5 months
11+ mon, 3+ week ago (419+ words) Abhyuday Jindal, MD, Jindal Stainless Steel Jindal Stainless expects the government to finalise the anti-dumping duty on stainless steel imports in the next five months as it was delayed due to free trade deliberations among various countries. Abhyuday Jindal, MD,…...
₹16,000 crore at stake: Miners’ body warn against proposed export duty on 30% low-grade iron ore
11+ mon, 3+ week ago (307+ words) Mineral-rich states like Karnataka, Goa and Odisha will incur a loss of over ₹16,000 crore and the mining industry will become unviable if a 30 per cent export duty is imposed on low-grade iron ore, miners’ body FIMI has cautioned. The proposed…...
India unlikely to raise export duty soon on low-grade iron ore, pellets, says source
11+ mon, 3+ week ago (360+ words) New Delhi India is holding off on plans to hike its export duty on low-grade iron ore and pellets as resistance from the domestic mining industry grows, a source familiar with the matter said. The government has been considering raising…...