Steel sector Current Affairs - 2019

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Union Government imposes safeguard duty on import of steel products

The Union Finance Minister has extended the safeguard duty on import of some steel products by two years i.e till March 2018. In this regard, the Central Board of Excise and Customs (CBEC) has issued a notification mentioning that safeguard duty will be reduced to 10% in stages till 2008 from current 20%. The safeguard Read More…

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Union Government slaps anti-dumping duty on stainless steel

Union Government has imposed anti-dumping duty on import of cold-rolled flat products of stainless steel for 5 years from 7 countries. The government’s decision comes on the recommendation of Directorate General of Anti-dumping and Allied Duties (DGAD) in the wake of rising incidence of dumping. It was hampering the performance of domestic industry and with Read More…

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Posco to set up steel plant in Maharashtra in Joint Venture with Uttam Steel

World’s sixth largest South Korean steelmaker Posco has signed an agreement to form a Joint venture with Uttam Steel and Power to set up a 3 million tonnes per year integrated steel plant in Maharashtra. This will be the first integrated steel plant for Posco in India as it continues to battle regulatory hurdles for a Read More…

Month:  Categories: Business, Economy & Banking

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