India to Levy 12% Safeguard Duty on Steel Imports from 2025
India imposes safeguard duties up to 12% on select steel flat product imports from April 2025 to 2028 to protect domestic industry. Key details and analysis inside.
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India imposes 3-year safeguard duty on steel imports
India has imposed safeguard duties on certain steel imports for three years to protect domestic manufacturers from a surge in low-cost supplies, primarily from China. The duty starts at 12% and will gradually decrease.
India Slaps Tariffs on Chinese Steel to Protect Local Makers
India imposes anti-dumping duties on Chinese steel imports, offering major relief to domestic manufacturers. This move aims to curb cheap imports and strengthen the local steel sector. Read more.
Oil Set for Deepest Annual Loss Since Pandemic, Down 20%
Crude oil prices are on track for their steepest annual decline since 2020, with a 20% drop this year. Key factors include a looming surplus, OPEC's upcoming meeting, and geopolitical tensions. Read the full analysis.
India imposes 3-year steel import duty to curb cheap shipments
India imposes 11-12% safeguard duty on select steel imports for three years to protect domestic industry from cheap shipments, primarily from China. Read the full details.
India's Russian Crude Imports Fall in December
India's Russian crude imports are expected to fall to 1.2 million barrels per day in December, down from November. However, the trade relationship remains structurally strong despite the monthly decline.
India's Oil Import Bill Falls 12% as Crude Prices Dip
India's oil import bill fell 12% to $80.9 billion in Apr-Nov FY26 despite higher volumes, as global crude prices averaged $67.6/barrel. Net oil & gas imports also declined over 12%. Read the full analysis.
Oil prices surge amid Russia-Ukraine, Middle East tensions
Brent crude surged 2.1% to $61.94 as geopolitical risks from Russia-Ukraine conflict and Yemen instability threaten supply. Key market drivers and price outlook analysed.
Bokaro Steel Plant Expansion to 7.55 MTPA Under Discussion
Union Minister Bhupathiraju Srinivasa Varma confirms discussions for Bokaro Steel Plant's brownfield expansion, aiming to boost capacity to 7.55 MTPA, create jobs, and align with India's 300 MTPA steel vision by 2030.
Analysts: Crude Oil Under Pressure Until 2026 Due to Oversupply
Global crude oil prices are projected to remain subdued through 2026, with a structural oversupply outweighing geopolitical tensions. Analysts cite rising non-OPEC+ production and slowing demand growth. Read the full analysis.
Oil Gains on Ukraine Talks Deadlock, China's Fiscal Pledge
Oil prices tick higher as US-led Ukraine peace talks stall and China pledges fiscal support for 2026. Brent crude above $61. Analysis and market impact for Indian investors.
Oil Rises on Geopolitical Tensions, Supply Fears
Oil prices rose over 0.9% in early Asian trading as Middle East tensions and Russia-Ukraine conflict fueled supply disruption fears. Key details on price movements and analyst insights inside.
Oil Falls 2% on Supply Glut, Ukraine Peace Deal in Focus
Crude oil prices fell sharply as oversupply fears dominate. Investors watch Ukraine-Russia peace talks for impact on sanctions and global markets. Read the full analysis.
Steel expansion hit by policy mismatch on key input: GTRI
A GTRI report warns India's steel capacity expansion is under pressure as import curbs on low-ash metallurgical coke raise input costs, hurting competitiveness. Experts call for policy recalibration.
Dutch NGO Seeks $1.6 Billion from Tata Steel
A Dutch NGO files a massive $1.6 billion claim against Tata Steel's Netherlands units for environmental damage. Read the full details of the legal battle.
Tata Steel sued for €1.4bn over Dutch plant emissions
Tata Steel's Dutch units face a €1.4 billion class action over alleged health and environmental damage near its IJmuiden plant. The company vows to defend itself. Read the full story.
Jindal Steel's Capacity Push Aims for Volume-Led Growth
Jindal Steel commissions 3 MTPA new capacity, eyes 15.6 MTPA by March. Near-term earnings face pressure, but volume-led growth and cost reset could transform its profile by FY28. Read the full analysis.
Vedanta gets NOC for 20 oil wells in Andhra's Krishna district
Andhra Pradesh government issues conditional No Objection Certificate to Vedanta's Cairn Oil & Gas for drilling 20 onshore wells. Approval aims to boost domestic crude production under DSF Policy. Read details.
Oil Climbs on Geopolitical Risks in Venezuela, Nigeria
Oil prices gained as US economic pressure on Venezuelan shipments and airstrikes in Nigeria added to supply risks. Brent crude rose to $62.48. Get the full analysis of 2024's market trends.
Vizag Steel Plant's Third VRS to Remove 570 Employees
Vizag Steel Plant management opens VRS window from Jan 1-20, 2026, aiming to cut 570 permanent jobs. This third phase continues a major workforce reduction strategy amid union criticism. Read the full details.
Manaksia Coated Metals Upgrades Galvanizing Line Capacity
Manaksia Coated Metals & Industries Ltd announces a ₹50 crore investment to upgrade its Continuous Galvanizing Line, boosting capacity to 1,80,000 MTPA. This strategic move aims to enhance product quality and market competitiveness.
Crude Bomb Blast in Bangladesh Kills One, Injures Five
A crude bomb explosion in Bangladesh's Khulna district leaves one dead and five injured. Police investigate the motive behind the attack near a local market. Read for details.
Core Sector Output Grows 1.8% in November 2025
India's core sector output grew 1.8% in November 2025, rebounding from October's contraction. However, energy-linked segments like crude oil production saw a decline. Get the full analysis.
Core Sector Grows 1.8% in November, Snaps Contraction
India's eight core industries grew 1.8% in November, recovering from October's contraction. Strong performance in cement, steel, and fertilizers offset declines in oil and gas. Read the full analysis.
Odisha Steel Production Jumps 18.8%, Green Roadmap Unveiled
Odisha's crude steel production surges to 18.07 million tonnes. Minister Bhupathiraju Srinivasa Varma details green steel initiatives & policies for MSMEs in Rajya Sabha. Read the full report.
Russia-Pakistan Talks on Oil, Steel Agreements Advance
Pakistan confirms high-level talks with Russia for an oil sector deal and a new steel plant. This move aims to cut import costs and deepen bilateral ties. Read the latest details.
Gujarat Fisheries to Spotlight at Vibrant Gujarat Summit
Gujarat's fisheries sector, led by Saurashtra & Kutch, will take center stage at the Vibrant Gujarat Regional Summit in Rajkot in Jan 2026. Discover the state's ambitious blue economy targets.
Worker killed in Hyderabad steel plant furnace blast
A fatal accident at Agarwal Steel Industries in Rangaipally, Hyderabad, claimed one life and left another worker critically injured after a high-temperature furnace failure. Police are investigating potential negligence.
Worker killed in Hyderabad steel plant furnace blast
A fatal accident at Agarwal Steel Industries in Rangaipally, Hyderabad, claimed one life and left another worker critically injured after a high-temperature furnace failure. Police are investigating potential negligence.
ESL Steel, IOCL Sign PNG Supply Deal for Bokaro Plant
ESL Steel Limited inks pact with Indian Oil for Piped Natural Gas supply to its Bokaro steel plant, marking a major shift towards cleaner fuel and sustainable operations. Read more.
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