Concrete

SAIL Chairman Calls for Steel Tariffs

India urged to impose steel tariffs.

Published

8 months ago

October 14, 2024

admin

The Chairman of Steel Authority of India Limited (SAIL) has called for the imposition of tariffs on steel imports, citing the need to protect the domestic steel industry from rising competition and price pressures. This recommendation comes amid growing concerns over the impact of cheaper imported steel, particularly from China, which is affecting the profitability and stability of Indian steel producers. The chairman highlighted that the influx of foreign steel has created market imbalances, making it difficult for local manufacturers to compete on both price and volume.

India’s steel industry, one of the largest in the world, has been facing challenges from an oversupply of cheaper steel imports, which has put downward pressure on prices. By imposing tariffs, the Indian government could level the playing field for domestic producers, allowing them to compete more effectively and maintain their market share. The SAIL chairman emphasized that protective measures would support the industry’s long-term growth and help safeguard jobs in the steel sector.

Steel tariffs are seen as essential for ensuring that the Indian steel industry can withstand the growing competition from global players, particularly from countries with lower production costs. The chairman’s call aligns with similar demands from other industry stakeholders who have expressed concerns about the current pricing environment and the potential impact on domestic production.

The proposal for tariffs is aimed at fostering a more sustainable domestic steel market, providing Indian producers with the protection they need to continue investing in capacity and technology. With steel being a critical component of India’s infrastructure and construction sectors, the industry’s stability is vital for the country’s overall economic growth.

Up Next

Cement Firms Compete for HeidelbergCement Stake

Don't Miss

India’s steel production to surge by 32.9% by 2030

Concrete

Star Cement launches ‘Star Smart Building Solutions’

Published

4 days ago

June 17, 2025

admin

Star Cement has launched ‘Star Smart Building Solutions,’ a new initiative aimed at promoting sustainable construction practices, as per a recent news report. This venture introduces a range of eco-friendly products, including tile adhesives, tile cleaners and grouts, designed to enhance durability and reduce environmental impact. The company plans to expand this portfolio with additional value-added products in the near future. By focusing on sustainable materials and innovative building solutions, Star Cement aims to contribute to environmentally responsible construction and meet the evolving needs of modern infrastructure development.

Image source:https://www.starcement.co.in/

Concrete

Nuvoco Vistas reports record quarterly EBITDA

Published

4 days ago

June 17, 2025

admin

Nuvoco Vistas reported its highest-ever quarterly consolidated EBITDA of Rs.556 crore in Q4 FY25, with annual EBITDA at Rs.1,391 crore. Cement sales reached 19.4 MMT in FY25, with Q4 contributing 5.7 MMT. Revenue rose 4 per cent YoY to Rs.3,042 crore in Q4. Net debt reduced by Rs.390 crore to Rs.3,640 crore. The company received NCLT approval for acquiring Vadraj Cement, targeting 31 MMTPA capacity by FY27. Key marketing initiatives, expanding RMX and MBM businesses, and a focus on sustainability (457 kg CO2/tonne) drove performance. Nuvoco remains focused on premiumisation, operational efficiency, and market expansion.

Image source:nuvoco.com

Concrete

UltraTech Cement increases capacity by 1.4Mt/yr

Published

4 days ago

June 17, 2025

admin

UltraTech Cement has expanded its production capacity by 1.4 million tonnes per annum (Mt/yr) through a combination of debottlenecking efforts and operational efficiency upgrades across several of its plants. The enhancements include an addition of 0.6Mt/yr in grinding capacity at the Nagpur facility in Maharashtra and a combined 0.8Mt/yr at the Panipat and Jhajjar units in Haryana. With these upgrades, the company’s total domestic grey cement capacity has risen to 184.8Mt/yr, while its global capacity now stands at 190.2Mt/yr.