Try GOLD - Free
Domestic steel prices likely to rise in March quarter
Business Standard
|January 03, 2026
The Ministry of Finance announced the extension of safeguard duties (SGD) until April 2028, ending policy uncertainty.
SGD will have tapering rates of 12 per cent till April 2026 then 11.5 per cent till April 2027 and then 11 percent till April 2028.The SGD raises the price floor but weak export markets and near-term supply pressure put a ceiling on steel prices. The SGD includes hot rolled or HR coils, sheets and plates, HR plate mill plates, cold-rolled coils (CRC) and sheets, metallic and colour-coated steel coils and sheets. It excludes electrical steel, tinplate, stainless steel, and alu-minium-coated steel.
Provisional Joint Plant Committee (JPC) data indicates domestic finished steel consumption grew 7.4 per cent year-on-year (Yo-Y) to 105.2 million tonnes (mt) during April-November of 2025. Finished steel imports declined by 36.3 per cent Yo-Y during April-November of 2025.
This story is from the January 03, 2026 edition of Business Standard.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Business Standard
Business Standard
THE COMPASS Diversified infra players better bet amid weak road order inflows
Activity in the roads sector has been slow and road awards were subdued due to the policy decision to halt awards under the Bharatmala programme.
3 mins
January 10, 2026
Business Standard
Lenovo to design, build, and export Al servers from India
Global technology major Lenovo is planning to transform India into a key export hub for its infrastructure business, with plans to design and manufacture artificial intelligence (AI) servers in the country for global markets, a top company executive has said.
1 min
January 10, 2026
Business Standard
Suspend PM E-DRIVE truck-scrapping rule fora yr: Auto industry
The automobile industry in India has asked the Ministry of Heavy Industries (MHI) to suspend for one year the rule governing financial incentives for buying an electric truck (e-truck) under the PM E-DRIVE scheme, Business Standard has learnt.
2 mins
January 10, 2026
Business Standard
Netflix's India decade: From 'HBO moment' to a hunt for mass reach
More than 16 million subscribers, about 50 million viewers and close to%4,000 crore in revenues.
3 mins
January 10, 2026
Business Standard
'FY27 Budget should focus on consumption demand, boosting income'
Budget 2026-27 must focus on improving consumption demand and give a legup to micro, small and medium enterprises (MSMEs), especially to tide over global uncertainties, Nirmal K Minda, Assocham president and executive chairman of UNO Minda, tells Ruchika Chitravanshi in an interview in New Delhi.
2 mins
January 10, 2026
Business Standard
Working well with Venezuela: Trump cancels 2nd attack
US Prez set to outline plan for Venezuelan oil
2 mins
January 10, 2026
Business Standard
Air as an electoral issue
Cyclones in Odisha, landslides in Uttarakhand, floods in Assam, pollution in Delhi.
3 mins
January 10, 2026
Business Standard
Darjeeling tea output may have hit a new low in 2025
The famed Darjeeling tea may have slipt to a new production low in 2025, as changing weather patterns, a shortage of pluckers and mounting economic stress weigh on the region’s gardens.
2 mins
January 10, 2026
Business Standard
Oil & gas industry expects GST relief, LPG under-recovery compensation
‘The oil and gas industry expects the upcoming Union Budget to address compensation for underrecoveries on the sale of cooking gas cylinders and provide goods and services tax (GST) relief for exploration activities, say experts.
1 min
January 10, 2026
Business Standard
Competition may weigh on power equipment firms
Their stocks fell for a second day amid reports about possible removal of curbs on China companies bidding for govt contracts
2 mins
January 10, 2026
Listen
Translate
Change font size