Yamato Kogyo Co., Ltd., a Japanese steel company listed on the Tokyo Stock Exchange, reported its consolidated financial results for the fiscal year ended March 31, 2025. While the company saw a slight increase in net sales, it experienced significant declines in operating profit, ordinary profit, and profit attributable to owners of the parent. The company's financial position remains strong, with a capital adequacy ratio of 84.8%, although cash flows from operating activities decreased. Yamato Kogyo Co. announced a consistent annual dividend of ¥400 per share, including a commemorative dividend, reflecting a payout ratio. The company expects a slight decrease in net sales and operating profit for the next fiscal year, with moderate recovery in ordinary profit and profit attributable to owners.

Union Minister of Coal and Mines G Kishan Reddy emphasized the importance of the steel sector in India's economic progress and its role in achieving the national vision for Viksit Bharat 2047. The minister highlighted key infrastructure projects made possible by the steel sector, such as the Chenab Bridge and the Pamban Bridge. He also discussed India's position as the second-largest steel producer globally and initiatives like Mission Coking Coal aimed at reducing import dependency on coking coal. The minister underscored the importance of raw material security, especially for coking coal and iron ore, and highlighted government efforts to promote domestic production and innovation in the coal and steel sectors.

Commerce and Industry Minister Piyush Goyal called for a significant increase in India's steel production capacity at the 6th edition of Steel India 2025. Goyal urged steelmakers to aim for a billion tonnes of capacity by 2047, doubling the government's current 2047 target of 500 million tonnes. India is already the world's second-largest steel producer with 180 million tonnes of installed capacity. The National Steel Policy aims to reach 300 million tonnes by 2030, and Goyal emphasized the potential for the sector to achieve even higher targets.

Union Minister of Coal and Mines, G Kishan Reddy, emphasized the importance of the steel and coal sectors in India's economy during the 6th edition of India Steel Expo 2025. He highlighted that steel is the backbone of India's economic progress and a key driver of domestic consumption and industrial expansion. The Minister also discussed the government's initiative, Mission Coking Coal, to reduce import dependency on coking coal and increase domestic production.

President Trump announced broad reciprocal duties on all countries, known as 'Liberation Day,' which led to a 34% tariff on US goods by China starting April 10. Trump's administration also imposed a 25% tariff on imports of steel and aluminum from all countries, effective March 12. The US paused tariffs on goods and services compliant with the USMCA until April 2. Venezuela faces a 'secondary tariff' of 25% on oil and gas purchases, effective April 2. These moves are part of an ongoing trade war that includes plans for 25% tariffs on foreign-made vehicles.