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Anti-Dumping Duty on Stainless Steel Pipes

India imposes duty on imported welded pipes.

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India has imposed an anti-dumping duty on imported welded stainless steel pipes and tubes to safeguard the domestic steel industry from unfair trade practices. This move aims to prevent the influx of cheap imports that threaten local manufacturers and ensure fair competition in the market. The decision comes after an investigation revealed that these products were being imported at below-market prices, thus causing material harm to India’s domestic industry.

The Directorate General of Trade Remedies (DGTR), under the Ministry of Commerce and Industry, conducted a thorough investigation and determined that the surge in imports of these goods was harming the domestic manufacturers. The anti-dumping duty, effective immediately, will be applicable to specific stainless steel pipes and tubes imported from certain countries. The duty will help to level the playing field for Indian producers, fostering a fair competitive environment.

This action is seen as a crucial step in strengthening India’s steel sector, which has been under pressure from low-cost imports, particularly from countries like China. By imposing the anti-dumping duty, the government intends to protect the interests of Indian manufacturers, boost domestic production, and support the long-term growth of the local steel industry.

The anti-dumping duty is expected to raise the price of the affected imports, thus discouraging further dumping practices and encouraging fair trade. This move will not only assist the domestic manufacturing sector but also contribute to the overall growth of India’s industrial landscape.

Concrete

Star Cement launches ‘Star Smart Building Solutions’

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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/

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Concrete

Nuvoco Vistas reports record quarterly EBITDA

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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

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Concrete

UltraTech Cement increases capacity by 1.4Mt/yr

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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.

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