India

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Indian steelmakers to increase capacity by more than 22 million tons in 2024

Leading Indian steelmakers plan to invest billions of dollars in significant capacity expansion

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JSW Steel announces construction of a steel plant in Paradip

The capacity of the steelmaking complex will be 13.2 million tons of steel per year

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CBAM poses the biggest risk to Indian steelmakers – Goldman Sachs

The country's steelmakers have high sales in the region and carbon-intensive production

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India to oppose the European CBAM at the WTO meeting

New Delhi, together with like-minded countries, intends to insist on limiting EU measures

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AMNS India plans to reduce emissions intensity by 20% by 2030

The company outlined a decarbonization strategy for the near term

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India will increase infrastructure spending by 11% y/y in FY2024/2025

The country's steelmakers predict an increase in domestic demand for steel

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India seeks to significantly increase the use of scrap in steel production

The country aims to increase the share of this raw material in steel industry to 50% by 2047

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India increased iron ore production to historic high in 2023

In 2022, the production volume of this raw material amounted to 282 million tons

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India is in no hurry to raise import duties on steel

The relevant department has not yet sent proposals to the Ministry of Finance of the country

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AMNS India is building the world’s largest single integrated steel plant

The first phase of the project will be completed by 2026

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India is working on the second phase of the incentive scheme for the steel industry

The government is looking to give steel producers an extra push to build capacity

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India became a net importer of rolled steel in April-November

Chinese supplies of metal products to the country reached a 5-year high

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