steel
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India to introduce up to 30% tariffs on Chinese, Vietnamese steel imports | The Express Tribune
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India will impose tariffs of between 12% and 30% on some steel products imported from China and Vietnam in a bid to safeguard and boost local industry, an Indian finance ministry order showed. Welded stainless steel pipes and tubes exported…
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Japan’s Nippon Steel to purchase US Steel Corp for $14.1 billion
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United States Steel Mon Valley Works Clairton Plant and Clairton Coke Works facility in Clairton Pennsylvania, Monday, September 11, 2023. — X/@thomasoneil Nippon Steel of Japan has agreed to purchase US Steel Corp for $14.1 billion, following the steelmaker’s rejection…
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Steel prices rise for second time in April | The Express Tribune
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KARACHI: Manufacturers in the domestic steel industry have increased the prices of steel sheets for the second time in the ongoing month of April in the wake of rupee depreciation and passed on the price pressure to the downstream industry…
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Senate body discusses steel price hike | The Express Tribune
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ISLAMABAD: The Senate Standing Committee on Industries and Production has been informed that prices of steel had spiked over 100% in the last one year. During its meeting held under the chairmanship of Senator Faisal Sabzwari on Tuesday, officials of…
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Contraband steel threatens local industry | The Express Tribune
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KARACHI: Large steel producers of the nation have said that smuggled steel from Afghanistan and Iran was destroying the domestic industry. In a letter written to the Federal Board of Revenue Member Customs Operations Syed Muhammad Tariq Huda, Pakistan Association…
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‘Tax flaws’ impede steel supply | The Express Tribune
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KARACHI: Businessmen of the steel sector have lamented that they have been unable to send their products to the Gwadar Free Zone owing to flaws and complications in sales tax rules. “Steel industry of the country is unable to supply…
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Steel sector joint venture set to restart production | The Express Tribune
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ISLAMABAD: A joint venture firm in Pakistan’s steel sector is prepared to resume production after overcoming initial difficulties. Alhaj Steel is the largest private sector joint venture in the steel industry and the ownership is shared between HEBEI Xingang Iron…
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Steel producers hike prices | The Express Tribune
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KARACHI: The flat steel producers of Pakistan have announced a hike in prices of the commodity owing to increase in rates at a global level. According to Topline Securities, a prominent steel sector player increased the rates of cold-rolled coils…
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SSGC to get steel mill land on lease | The Express Tribune
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ISLAMABAD: The board of directors of Sui Southern Gas Company (SSGC) on Saturday approved the acquisition of 11 acres of land on lease from Pakistan Steel Mills (PSM) against its receivables on account of gas supply to the steel unit….