IMPORTED STEEL FLAT PRODUCTS
Metal stocks surge over 8% as US-China tariff truce lifts market sentiment
Domestic metal stocks rallied over 8% after the US and China agreed to ease tariffs for 90 days, boosting global metal prices and market sentiment.
Steel Stocks: Uptick in domestic demand, dip in Chinese exports & dip in coal prices: will these push steel stocks up?
Indian steel companies faced challenges due to fears of a global slowdown and rising imports, which impact profitability. However, a revival is expected in the upcoming quarters, driven by lower raw material costs and a safeguard duty on imports. Long-term growth is anticipated, supported by infrastructure demand and softening Chinese exports, though global uncertainties remain a major concern.
No duty cuts by India on UK wines under FTA; limited concession on British beer
India's free trade agreement with the UK offers limited import duty benefits on beer and excludes wine, alongside dairy, apples, and other sensitive agricultural products. While Scotch whiskey and cars will become cheaper, duties on Indian garments and leather will reduce in the UK. The agreement, expected to be implemented in over 15 months, is currently undergoing legal vetting.
Tata Steel Q4 preview: PAT may fall up to 46% YoY on revenue decline; European operations in focus
Tata Steel will announce its Q4FY25 earnings on Monday, May 12, 2025, and it is expected to report a net profit fall of 18%-46% on a year-on-year basis, according to estimates given by four brokerages. The bottom line range is seen between Rs 459 crore and Rs 1,399 crore.
JSL serious on Rs 40,000-cr investment in Maharashtra; looking for land parcel: MD Abhyuday Jindal
Jindal Stainless is actively pursuing its Rs 40,000-crore stainless steel manufacturing facility in Maharashtra, engaging in land acquisition discussions with the state government. With a current capacity of 3 million tonnes per annum, the company aims to expand to 4.2 MT by FY27.
Mark Carney in dire straits: Canada, one of the largest and richest countries in the world, added just 7,400 jobs in April as unemployment rate rises to 6.9%
Mark Carney in dire straits as Canada’s economy struggles with a slowdown in job growth. In April, the country added only 7,400 new jobs while the unemployment rate rose to 6.9%, its highest since November. U.S. trade tariffs on Canadian steel, aluminum, and autos are hitting hard, especially in manufacturing, which lost 31,000 jobs. Wage growth stayed flat and more people are struggling to find work. As pressure builds, many expect a Bank of Canada rate cut in June. This article breaks down all the key numbers, what’s causing the economic stress, and what might come next for Canada.
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More winners than losers: 9 stocks which get Indo-UK FTA tailwind, with an upside potential of 17 to 66%
The headlines are, of course, dominated by happenings on the India-Pakistan border. And naturally, there is a lot of concern, both in the region and globally. But that is not all the news that is making it to the headlines. Investors will do well to keep an eye on what is happening in different sectors. For instance, the signing of the free trade agreement, or FTA, with the UK is not an insignificant thing. It will impact the bottomlines of the number of companies. Let’s check out how it will impact two sectors.
First round of Free Trade Agreement talks between India, New Zealand concludes
India and New Zealand are currently engaged in discussions for a potential Free Trade Agreement. These talks aim to enhance trade and investment between the two nations. Negotiations resumed in March 2025 after a decade-long pause. The FTA seeks to unlock new opportunities for businesses and consumers. Disparities in tariff structures and demands for dairy market access pose challenges.
India to cut duty only from 6th year on PLI-backed medical devices in UK trade pact
India will gradually lower import duties on specific medical devices from the sixth year onward under its free trade agreement with the UK, prioritizing domestic manufacturing. This decision balances consumer needs with the 'Make in India' initiative.
Donald Trump announces a comprehensive trade deal with Britain; here is the total breakdown, how will both the nations benefit?
Donald Trump UK trade deal headlines global news as the U.S. and Britain seal a major post-Brexit economic pact on VE Day. The deal slashes tariffs on UK car and steel exports, opens UK doors to U.S. beef and ethanol, and boosts tech ties in AI, 5G, and aerospace. Both countries aim to grow jobs, exports, and investment while reinforcing a strategic alliance. With tariff reductions and deeper cooperation across key sectors, this agreement sets the stage for stronger economic futures on both sides of the Atlantic. Dive into how this historic trade deal impacts industries, jobs, and global trade dynamics.
EU sets out possible 95 bln euro response to U.S. tariffs
The European Commission proposed countermeasures on up to 95 billion euros of U.S. imports if negotiations fail to remove U.S. tariffs. These measures target U.S. goods like wine, aircraft, and chemicals. The EU prefers a negotiated solution but prepares retaliatory responses for July, potentially escalating trade tensions.
EU proposes hitting US-made planes, cars with tariffs if talks fail
The European Commission published a provisional list of US goods that could "become subject to EU countermeasures", it said, if talks between Brussels and Washington do not result in "a mutually beneficial outcome and the removal of the US tariffs".
Arrow still in India's quiver: FTA allows claiming damages from UK over carbon tax losses
India-UK free trade agreement includes provisions to counter the UK's Carbon Border Adjustment Mechanism (CBAM), set to begin January 1, 2027. India reserves the right to retaliate or seek compensation for losses incurred by its industries due to the CBAM. This "rebalancing" mechanism aims to shield India from potential disputes at the WTO.
EU ready to fight back against US tariffs with aggressive countermeasures? Trade chief's big hint
European Commission is set to reveal its strategy against US tariffs if negotiations falter. Maros Sefcovic announced preparatory steps, including rebalancing measures. EU aims for a fair deal, not succumbing to pressure. Tariffs on Boeing jets are considered. This follows a pause in retaliatory tariffs after Donald Trump suspended higher US duties.
India reserves right to retaliate if UK's proposed carbon tax hits exports: Official
The India-UK free trade agreement lacks measures against Britain's planned carbon tax, set to begin in 2027. India has reserved the right to retaliate or adjust concessions if the tax adversely affects its exports, potentially impacting USD 775 million worth of goods. Minister Goyal has voiced concerns and warned of potential retaliation if the UK proceeds.
Centre issues quality control order on Aluminium and alloys
The central government has introduced a new Quality Control Order for aluminium and aluminium alloy products, set to take effect from October 1, 2025. This order includes aluminium alloy tubes for irrigation, EC grade aluminium rod, and wrought aluminium alloy bars.
Is Canada finally breaking free from US trade dominance amid a brewing trade war?
In March 2025, a trade war between Canada and the United States led to a significant decrease in exports to the US. However, Canada compensated by increasing overseas shipments, particularly to the United Kingdom, Netherlands, and Germany. Despite the overall trade deficit narrowing, analysts anticipate further trade challenges in the coming months as the full impact of tariffs is felt.
Can the EU navigate US tariff threats while building global trade alliances? Check details
European Union asserts it faces no pressure to accept an unfair tariff deal from the United States. Maros Sefcovic states the EU is preparing rebalancing measures if talks fail. The EU aims for a fair agreement but explores trade opportunities with India, Indonesia, and other nations. Many countries are contacting the EU to accelerate free trade negotiations.
Canada faces a summer of shortages even after Mark Carney's victory, here's the reason behind it
Canada faces a summer of shortages even after Mark Carney's victory, and the story behind it is more serious than it first seems. With U.S. President Donald Trump imposing steep tariffs on Canadian goods, Canada’s economy is feeling the heat—from rising inflation to empty grocery shelves. Despite Carney’s election win and strong stance on trade, Canadians could see job losses, higher prices, and slower growth.
Amid rising vigil, here's what latest data on electronics import from China shows
Recent data indicates a decline in electronics exports to India and the US from China during January and February, prompting concerns about a potential import surge. A high-level group is monitoring shipments from China and ASEAN, focusing on sectors like electronics and steel.
Stocks in news: DMart, SBI, Kotak Bank, M&M, Tejas Networks
Private lender Kotak Mahindra Bank reported its March quarter results for the financial year 2025, posting a 14% YoY dip in its standalone profit after tax (PAT) at Rs 3,551 crore.
NMDC posts record 15% rise in iron ore production in April; sales grow 3%
NMDC saw a 15% increase in iron ore production in April. Sales also grew by 3%. Kirandul, Bacheli, and Donimalai mines showed strong performance. Pellet production reached a record high. NMDC aims to become a 100 MT mining company by 2030. NMDC Steel Limited reported growth in hot metal production.
JSW Steel said to be facing challenges in importing coking coal from Mongolia
JSW Steel is facing hurdles in sourcing coking coal from Mongolia due to unresponsive suppliers and transport bottlenecks, despite India's efforts to diversify its supply chain amid surging steel demand.
Goyal urges steel industry to target 1 billion tonne capacity
Commerce Minister Piyush Goyal has urged the domestic steel industry to aggressively expand, targeting a billion tonnes of capacity to capitalize on India's growth. Currently the second-largest steel producer, India aims to surpass its 2047 target of 500 million tonnes and potentially become the world's largest manufacturer, despite concerns over rising steel imports.
India’s 12% levy may not be enough as others slap 25%, says JSW Steel CEO Acharya
JSW Steel's CEO, Jayant Acharya, points out India's relative disadvantage with a 12% safeguard duty on certain flat steel products, while other nations impose higher duties. He suggests the duty's effectiveness needs evaluation, especially with India being a net steel importer due to cheaper exports.
India confident of achieving steel production target by 2030, official says
India is confident in reaching its goal of 300 million tons of steel production capacity by 2030, according to the Steel Secretary. To reduce import reliance and aid local industries, a temporary 12% tariff has been placed on specific steel imports, mainly from China. In fiscal year 2024-25, India's crude steel output was 151.1 million tons.
India's safeguard steel tariff will help check imports, JSW Steel CEO says
India's imposition of a 12% temporary tariff on specific steel imports aims to curb rising imports, according to JSW Steel's CEO Jayant Acharya. This action follows a surge in finished steel imports, particularly from China, South Korea, and Japan, impacting domestic mills. Acharya suggests the duty creates a fairer environment but its effectiveness needs monitoring.
Safeguard duty to curb influx of steel import from select countries: ISA
The Indian Steel Association (ISA) welcomes the government's 12% safeguard duty on imported flat steel, aimed at curbing cheap imports from China, South Korea, and Japan, which constitute 78% of total imports. This move addresses the surge in imports, reaching a nine-year high, and supports domestic producers, fostering investor confidence and capacity building towards a self-reliant India.
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