Page-3 of Steel sector Current Affairs, GK & News

Steel Ministry to set up of Steel Research & Technology Mission of India

Ministry of Steel is planning to set up Steel Research & Technology Mission of India (SRTMI) to facilitate joint collaborative research projects in the iron and steel sector in India. The conceptualization of SRTMI was done by a high level task force set up by the Union Ministry of Steel. Key Facts SRTMI has been ..

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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 ..

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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 ..

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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 ..

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