April 29, 2024 21:30 (IST)
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Steep rally in carbon prices and CBAM compliance in EU could curtail profits of Indian steel makers

Steep rally in carbon prices and CBAM compliance in EU could curtail profits of Indian steel makers

New Delhi: In the wake of the European Union’s (EU) latest framework for the imposition of taxes on embedded carbon imports, Indian steel mills are at the risk of lower profits and a loss of market share in Europe, according to ratings agency ICRA.

India and Australia keen to widen scope of business relation between the two countries

India and Australia keen to widen scope of business relation between the two countries

New Delhi, Aug 28 (IBNS): An Australian delegation led by Assistant Minister for Trade, Tourism and Investment, Australia Keith Pitt, called on Union Steel Minister Birender Singh at Udyog Bhawan, New Delhi, on Monday.

Opportunity to increase domestic steel use exists, says Minister Birender Singh

Opportunity to increase domestic steel use exists, says Minister Birender Singh

New Delhi, Mar 6 (IBNS): Union Minister of Steel Birender Singh laid out five focus areas for maximising the use of steel, the Ministry of Steel announced on Monday.