India

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India reduced its imports of rolled steel by 27.6% y/y in April-May

Indian exports of rolled steel fell by 18.1% y-o-y during the same period

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India sets emission targets for the steel sector

The country's relevant agency has published a draft of the corresponding regulations

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India may halve steel imports in 2025 due to safeguard measures

The government has not yet decided whether to impose a higher safeguard duty on imports of steel products than the current 12%

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JSW Steel to allocate $2 billion for decarbonization

One of the largest steel producers in India plans to reduce CO2 emissions by 42% by 2030

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India remains a net importer of rolled steel products despite slowdown in supplies

In April, imports of steel products decreased by 11.3% y/y, but volumes are still 144 thousand tons higher than exports

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India considers increasing protective duty on steel imports to 24%

The authorities have received complaints about attempts by Chinese exporters to circumvent the current safeguard measure

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India prioritizes local steel for government projects

The country has introduced a «melted and poured» rule for government-funded projects

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AMNS India to receive $3.3 billion in incentives from Andhra Pradesh

The support is for 20 years and covers the first stage of construction of the company's steel plant in the region

Tariff war: the first major agreement and the EU’s push

In May, the US signed a trade deal with Britain, Trump promised and postponed 50 percent tariffs for the EU

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India’s JSW Steel launches its own low-emission steel brand

This portfolio allows customers to purchase steel with verified emission reduction certificates

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India increased steel exports by 12% y/y in April

Compared to March, these volumes decreased by 2.7% year-on-year

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India imported about 2.8 million tons of iron ore in January-April

JSW Steel became the largest importer in the period

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