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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

Hot-rolled coils accounted for the majority of imports from China

The company's strategy is to increase its share of the domestic market in selected segments

Imports for the period rose by 30.8% y/y

The agency cites insufficient domestic supplies

The United States remained the largest supplier of this raw material during the period

The company notes that the European CBAM will not have a significant impact on them

The parties are negotiating a resolution to this issue

The investments will take place against the backdrop of an infrastructure boom in India

The global steel industry continues to rely on coal despite decarbonization efforts