Category: Steel News
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Iran-Israel Conflict Impact on Steel: Rising Energy and Shipping Costs
Global geopolitical tensions often influence commodity markets, and the Iran-Israel conflict is now creating ripple effects across energy, shipping, and the steel industry. Rising crude oil prices, higher freight costs, and insurance premiums are beginning to affect steel supply chains worldwide. For India—one of the fastest-growing construction markets—the Iran Israel war impact on India could…
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3-Year Staggered Safeguard Duty on Flat Steel Imports Proposed by DGTR in India
The Directorate General of Trade Remedies (DGTR) has released its final findings on the safeguard investigation into flat rolled steel imports in India, recommending the imposition of staggered safeguard duties of 11–12% over the next three years. This move comes as the domestic steel sector faces rising pressure from low-cost imports from China, Japan, South…
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Steel Raw Material Prices Surge by ₹2,000 in Raipur
In a significant market movement, steel raw material prices in Raipur have surged by nearly ₹2,000 per metric ton, pushing rates above ₹38,000/MT in the last few days. This spike is clearly reflected in the 1-month billet index, showcasing a sharp upward trend. 🔍 Reasons Behind the Price Surge: 1. Low Availability of Raw Materials…