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Once the second phase has been completed, the plant will be able to produce up to 2 million tonnes of rolled steel per year

Experts are calling for government intervention and assistance

The package of measures will be presented within three months

These are products from China, Japan and the Russian Federation

In May, the country once again became a net importer of steel products

The country became the company’s first market outside Europe where this product has been localised

The Indian side has announced that its concerns regarding the steel trade have been taken into account

In this way, companies are preparing to offset the stagnation in the steel market in China

The main driver was a significant increase in domestic steel production

Domestic steel consumption in the country is expected to rise by 9% y/y the same period

According to Indian officials, steel production volumes should be assessed in relation to the size of the population

The British side considers the safeguard measures on steel products to be a separate issue