India News — GMK Center https://gmk.center/en/tag/india/ This is an informational-analytical, discussion platform Mon, 15 Jun 2026 11:43:34 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://gmk.center/wp-content/uploads/2018/11/android-chrome-256x256-36x36.png India News — GMK Center https://gmk.center/en/tag/india/ 32 32 <![CDATA[Steel production in India could rise by 8% y/y in the FY2026/2027 – forecast]]> https://gmk.center/en/news/steel-production-in-india-could-rise-by-8-y-y-in-the-fy2026-2027-forecast/ Mon, 15 Jun 2026 11:00:11 +0000 https://gmk.center/?post_type=news&p=124934 In the 2026/2027 financial year (FY), steel production in India is set to rise by 8% year-on-year — to 183 million tonnes, up from 169 million tonnes in the 2026 FY. This is according to BigMint. The rate of production growth will slow slightly compared to 11% y-o-y in FY2026. This is due to a […]

The post Steel production in India could rise by 8% y/y in the FY2026/2027 – forecast appeared first on GMK.

]]> <![CDATA[India rejects US allegations of excess steel production capacity]]> https://gmk.center/en/news/india-rejects-us-allegations-of-excess-steel-production-capacity/ Thu, 11 Jun 2026 10:42:00 +0000 https://gmk.center/?post_type=news&p=124793 India does not have excess production capacity in the textile and steel industries, despite claims made in the US Trade Representative’s (USTR) Section 301 investigation. Washington had previously claimed that there was structural overcapacity in Indian industry — ranging from solar modules to textiles — and highlighted India’s trade surplus with the US, which stood […]

The post India rejects US allegations of excess steel production capacity appeared first on GMK.

]]> <![CDATA[India may reduce tariff concessions for the UK due to steel tariffs]]> https://gmk.center/en/news/india-may-reduce-tariff-concessions-for-the-uk-due-to-steel-tariffs/ Tue, 02 Jun 2026 10:05:08 +0000 https://gmk.center/?post_type=news&p=124358 India may reconsider its tariff concessions under the free trade agreement with the United Kingdom if its steel exports are not exempted from the proposed British safeguard duties. This was reported by Bloomberg, citing a senior Indian government official. India is concerned about the UK’s new steel safeguard measures, which call for a sharp reduction […]

The post India may reduce tariff concessions for the UK due to steel tariffs appeared first on GMK.

]]> <![CDATA[Indian steelmakers are concerned about the rise in rolled steel imports from China]]> https://gmk.center/en/news/indian-steelmakers-are-concerned-about-the-rise-in-rolled-steel-imports-from-china/ Mon, 01 Jun 2026 13:40:43 +0000 https://gmk.center/?post_type=news&p=124330 Indian steelmakers are concerned about the influx of cheap Chinese imports—steel shipments from China to India more than doubled in April, according to Reuters. According to preliminary data from the Indian government, China shipped approximately 232,000 tons of rolled steel to the country in April. This occurred despite the fact that India imposed import duties […]

The post Indian steelmakers are concerned about the rise in rolled steel imports from China appeared first on GMK.

]]> <![CDATA[India is capable of sustaining strong demand for steel – Tata Steel CFO]]> https://gmk.center/en/news/india-is-capable-of-sustaining-strong-demand-for-steel-tata-steel-cfo/ Wed, 27 May 2026 12:44:23 +0000 https://gmk.center/?post_type=news&p=124152 Tata Steel believes that India will continue to be a growing market for steel. The company’s Chief Financial Officer, Kushik Chatterjee, spoke about this in an interview with The Telegraph India. According to him, Tata Steel’s strategy in India is to increase its market share in selected segments by expanding its product range and value-added […]

The post India is capable of sustaining strong demand for steel – Tata Steel CFO appeared first on GMK.

]]> <![CDATA[India increased rolled steel exports by 24.9% y/y in April]]> https://gmk.center/en/news/india-increased-rolled-steel-exports-by-24-9-y-y-in-april/ Tue, 26 May 2026 07:59:27 +0000 https://gmk.center/?post_type=news&p=124078 India became a net importer of rolled steel in April 2026 (the first month of the new fiscal year), according to Reuters, citing preliminary government data. During this period, the country imported 0.7 million tons of rolled steel, a 30.8% increase year-on-year. The largest suppliers were China, South Korea, Japan, Vietnam, and Russia. At the […]

The post India increased rolled steel exports by 24.9% y/y in April appeared first on GMK.

]]> <![CDATA[India’s Ministry of Steel is pushing for the removal of tariffs on coke]]> https://gmk.center/en/news/india-s-ministry-of-steel-is-pushing-for-the-removal-of-tariffs-on-coke/ Mon, 25 May 2026 08:30:21 +0000 https://gmk.center/?post_type=news&p=124003 India’s Ministry of Steel has asked the Ministry of Finance to lift anti-dumping duties on imports of low-ash metallurgical coke. Reuters reported this, citing a relevant government document. The ministry cites insufficient domestic supply of this product and higher prices for it. In January of last year, the country imposed a temporary anti-dumping duty on […]

The post India’s Ministry of Steel is pushing for the removal of tariffs on coke appeared first on GMK.

]]> <![CDATA[India to increase stainless steel scrap imports by 7% y/y in FY2025/2026]]> https://gmk.center/en/news/india-to-increase-stainless-steel-scrap-imports-by-7-y-y-in-fy2025-2026/ Sat, 23 May 2026 06:09:52 +0000 https://gmk.center/?post_type=news&p=123985 Imports of stainless steel scrap into India for the 2025/2026 fiscal year (ending March 31, 2026) are expected to grow by 7% year-on-year. According to BigMint estimates, these volumes will total 1.4 million tons. The United States remained the largest supplier of this raw material during the period, at approximately 0.91 million tons (-1% year-over-year). […]

The post India to increase stainless steel scrap imports by 7% y/y in FY2025/2026 appeared first on GMK.

]]> <![CDATA[JSW Steel is accelerating its capacity expansion in India]]> https://gmk.center/en/news/jsw-steel-is-accelerating-its-capacity-expansion-in-india/ Tue, 19 May 2026 13:01:54 +0000 https://gmk.center/?post_type=news&p=123841 Indian steelmaker JSW Steel expects to require minimal external capital to support its plans to double its capacity in India. The company’s co-managing director, Jayant Acharya, made this statement in an interview with The Economic Times. According to him, this expansion is crucial for the company to maintain its share of the domestic steel market, […]

The post JSW Steel is accelerating its capacity expansion in India appeared first on GMK.

]]> <![CDATA[The trade agreement between India and the United Kingdom has hit a snag over steel]]> https://gmk.center/en/news/the-trade-agreement-between-india-and-the-united-kingdom-has-hit-a-snag-over-steel/ Tue, 19 May 2026 12:23:17 +0000 https://gmk.center/?post_type=news&p=123836 The free trade agreement between India and the United Kingdom, which was originally scheduled to take effect by May, has hit a snag due to new British restrictions on steel imports. This was recently stated by Indian Trade Minister Rajeev Agrawal, according to Reuters. According to him, the countries are close to implementing the agreement, […]

The post The trade agreement between India and the United Kingdom has hit a snag over steel appeared first on GMK.

]]> <![CDATA[JSW Steel is investing $2.5 billion in capacity expansion]]> https://gmk.center/en/news/jsw-steel-is-investing-2-5-billion-in-capacity-expansion/ Fri, 15 May 2026 08:55:01 +0000 https://gmk.center/?post_type=news&p=123708 JSW Steel Ltd., India’s largest steel producer, has announced ambitious expansion plans. In the next fiscal year (FY 2027), the company’s capital expenditures will range from 220 to 240 billion rupees (approximately $2.5 billion). This is nearly 50% more than the previous year’s investments, which totaled 155.85 billion rupees. This was reported by Bloomberg. JSW […]

The post JSW Steel is investing $2.5 billion in capacity expansion appeared first on GMK.

]]> <![CDATA[India accounts for over 60% of new blast furnace capacity worldwide – GEM]]> https://gmk.center/en/news/india-accounts-for-over-60-of-new-blast-furnace-capacity-worldwide-gem/ Fri, 15 May 2026 07:16:33 +0000 https://gmk.center/?post_type=news&p=123737 India accounts for over 60% of new blast furnace steel production capacity worldwide, despite global efforts to reduce emissions in the steel industry. This is according to the sixth annual report by Global Energy Monitor (GEM) on the development of the steel industry. According to the organization, 319 million metric tons per year of new […]

The post India accounts for over 60% of new blast furnace capacity worldwide – GEM appeared first on GMK.

]]> <![CDATA[Exports of iron ore and pellets from India rose by 40% y/y in April]]> https://gmk.center/en/news/exports-of-iron-ore-and-pellets-from-india-rose-by-40-y-y-in-april/ Wed, 13 May 2026 14:30:27 +0000 https://gmk.center/?post_type=news&p=123623 Exports of iron ore and pellets from India rose by 39.6% in April compared to the previous month, totaling approximately 2.3 million tons (up from 1.64 million tons in March). The total volume included 2.14 million tons of iron ore and 0.15 million tons of pellets. This was reported by BigMint. The sharp increase in […]

The post Exports of iron ore and pellets from India rose by 40% y/y in April appeared first on GMK.

]]> <![CDATA[India increased iron ore imports in April by 2.6 times y/y]]> https://gmk.center/en/news/india-increased-iron-ore-imports-in-april-by-2-6-times-y-y/ Fri, 08 May 2026 08:07:01 +0000 https://gmk.center/?post_type=news&p=123415 Iron ore imports (including pellets) to India in April 2026 fell by 11% compared to March, to 1 million tons. At the same time, this figure was significantly higher than in April 2025, when imports stood at 0.4 million tons. This was reported by BigMint. Malaysia and Brazil were the main exporters during the month, […]

The post India increased iron ore imports in April by 2.6 times y/y appeared first on GMK.

]]> <![CDATA[Steel exports from India rose by 24.9% y/y in April]]> https://gmk.center/en/news/steel-exports-from-india-rose-by-24-9-y-y-in-april/ Thu, 07 May 2026 13:51:26 +0000 https://gmk.center/?post_type=news&p=123402 India’s steel sector showed steady growth in April 2026, driven in part by an uptick in exports. Finished steel exports rose by 24.9% year-on-year to 0.47 million tons, reflecting the gradual recovery of Indian producers’ position in global markets. This was reported by BW. At the same time, the domestic market remained the key driver […]

The post Steel exports from India rose by 24.9% y/y in April appeared first on GMK.

]]> <![CDATA[Jindal Steel set new production records in fiscal year 2026]]> https://gmk.center/en/news/jindal-steel-set-new-production-records-in-fiscal-year-2026/ Mon, 04 May 2026 11:56:33 +0000 https://gmk.center/?post_type=news&p=123246 In the fourth quarter of fiscal year 2026, the Indian company Jindal Steel increased its steel production by 6%—to 2.65 million tons—compared to the previous quarter, or by 26% compared to the same period last year. This was reported by BigMint. At the same time, sales of steel products rose to 2.6 million tons, which […]

The post Jindal Steel set new production records in fiscal year 2026 appeared first on GMK.

]]> <![CDATA[India has the potential to significantly increase its steel production capacity, – an expert]]> https://gmk.center/en/news/india-has-the-potential-to-significantly-increase-its-steel-production-capacity-an-expert/ Tue, 28 Apr 2026 14:33:11 +0000 https://gmk.center/?post_type=news&p=123065 The future of India’s steel industry will be shaped by players who focus on demand clusters and value-added products. This forecast comes from Vijay Sarathi Atreyapurapu, managing partner of AVVA Consultancy Group In his view, India’s goal of reaching a steel production capacity of 300 million tons by the 2030/2031 fiscal year is becoming a […]

The post India has the potential to significantly increase its steel production capacity, – an expert appeared first on GMK.

]]> <![CDATA[India is projected to increase iron ore production by 8% in FY2026/2027]]> https://gmk.center/en/news/india-is-projected-to-increase-iron-ore-production-by-8-in-fy2026-2027/ Mon, 27 Apr 2026 12:35:41 +0000 https://gmk.center/?post_type=news&p=123018 According to BigMint’s forecast, India will increase its iron ore production by nearly 8% year-on-year in the 2026/2027 fiscal year—to 340–345 million tons (up from 316 million tons). At the same time, the increase in supply will exceed demand from the country’s steel sector, and the additional volumes are unlikely to be fully absorbed by […]

The post India is projected to increase iron ore production by 8% in FY2026/2027 appeared first on GMK.

]]> <![CDATA[India increased its rolled steel exports by 36% y/y in FY2025/2026]]> https://gmk.center/en/news/india-increased-its-rolled-steel-exports-by-36-y-y-in-fy2025-2026/ Fri, 24 Apr 2026 09:53:50 +0000 https://gmk.center/?post_type=news&p=122947 In the 2025/2026 fiscal year (ending March 31), India increased its rolled steel exports by 36% year-on-year, reaching 6.6 million tons. This was reported by Argus Media, citing preliminary data from the country’s Ministry of Steel’s Joint Production Committee. The growth in exports was driven by strong demand from Europe in the second half of […]

The post India increased its rolled steel exports by 36% y/y in FY2025/2026 appeared first on GMK.

]]> <![CDATA[JSW Steel and POSCO have announced a joint venture to build a steel plant in India]]> https://gmk.center/en/news/jsw-steel-and-posco-have-announced-a-joint-venture-to-build-a-steel-plant-in-india/ Mon, 20 Apr 2026 10:02:59 +0000 https://gmk.center/?post_type=news&p=122730 The board of directors of India’s JSW Steel Limited has approved a joint venture with South Korea’s POSCO Group, according to Pragativadi. Under the agreement, the companies will build an integrated steel plant with an initial production capacity of 6 million metric tons per year in the state of Odisha, India. Saffron Resources Private Limited, […]

The post JSW Steel and POSCO have announced a joint venture to build a steel plant in India appeared first on GMK.

]]> <![CDATA[India has introduced a new pricing system for low-grade iron ore]]> https://gmk.center/en/news/india-has-introduced-a-new-pricing-system-for-low-grade-iron-ore/ Thu, 16 Apr 2026 09:15:29 +0000 https://gmk.center/?post_type=news&p=122640 The Indian government has introduced a new pricing system for low-grade iron ore, according to The Economic Times. This move is intended to encourage its use and aims to reduce waste, improve resource utilization, and ensure a stable supply for the steel industry. It is expected that this, among other things, will help address the […]

The post India has introduced a new pricing system for low-grade iron ore appeared first on GMK.

]]> <![CDATA[India increased its iron ore production by 7% y/y in the FY2025/2026]]> https://gmk.center/en/news/india-increased-its-iron-ore-production-by-7-y-y-in-the-fy2025-2026/ Tue, 14 Apr 2026 13:04:39 +0000 https://gmk.center/?post_type=news&p=122556 In the 2025/2026 fiscal year (ending March 31), India increased its iron ore production by 7% yy/y – to 310 million tons, according to SteelOrbis. Total production, according to government data, reached record levels during the year. The growth was driven by strong performance from major companies, but it remained concentrated among a limited group […]

The post India increased its iron ore production by 7% y/y in the FY2025/2026 appeared first on GMK.

]]> <![CDATA[India plans to reach a steel production capacity of 400 million tons by the 2035/2036 fiscal year]]> https://gmk.center/en/news/india-plans-to-reach-a-steel-production-capacity-of-400-million-tons-by-the-2035-2036-fiscal-year/ Fri, 10 Apr 2026 10:22:01 +0000 https://gmk.center/?post_type=news&p=122497 India aims to expand its steel production capacity to 400 million tons by the 2035/2036 fiscal year. This is outlined in the proposed National Steel Policy 2025, according to Reuters. According to a draft government memo from March, which the agency reviewed, India will need capital investments of about 17 trillion rupees ($183.41 billion) to […]

The post India plans to reach a steel production capacity of 400 million tons by the 2035/2036 fiscal year appeared first on GMK.

]]> <![CDATA[India exported 25.8 million tons of iron ore in the 2025/2026 fiscal year]]> https://gmk.center/en/news/india-exported-25-8-million-tons-of-iron-ore-in-the-2025-2026-fiscal-year/ Tue, 07 Apr 2026 09:25:50 +0000 https://gmk.center/?post_type=news&p=122341 In the 2025/2026 fiscal year (ending March 31), India reduced its exports of iron ore and pellets by 15% year-over-year, to 25.78 million tons, according to data from BigMint. Exports of fine and lump ore for the period totaled nearly 22.31 million tons (-3% year-on-year), while overseas sales of pellets are estimated at 3.47 million […]

The post India exported 25.8 million tons of iron ore in the 2025/2026 fiscal year appeared first on GMK.

]]> <![CDATA[Steel prices in India remained under pressure in the FY2025/2026 – BigMint]]> https://gmk.center/en/news/steel-prices-in-india-remained-under-pressure-in-the-fy2025-2026-bigmint/ Fri, 03 Apr 2026 12:47:50 +0000 https://gmk.center/?post_type=news&p=122257 Steel prices in India during the 2025/2026 fiscal year (ending March 31) remained under pressure, as evidenced by a 2% year-on-year decline in the BigMint India Steel Composite Index. The negative impact was driven by weak market sentiment and reduced production in key regions such as China, the EU, and the Far East. U.S. tariffs […]

The post Steel prices in India remained under pressure in the FY2025/2026 – BigMint appeared first on GMK.

]]> <![CDATA[JSW Steel and Japan’s JFE Steel are finalizing the establishment of a joint venture]]> https://gmk.center/en/news/jsw-steel-and-japan-s-jfe-steel-are-finalizing-the-establishment-of-a-joint-venture/ Tue, 31 Mar 2026 13:34:56 +0000 https://gmk.center/?post_type=news&p=122120 The Japanese steelmaker has already invested in the acquisition of a 25% stake. Indian steelmaker JSW Steel has completed the main stages of establishing a joint venture with Japan’s JFE Steel Corporation for the Bhushan Power and Steel Limited (BPSL) business. This was reported by Tube & Pipe India. JFE Steel has invested 78.75 billion […]

The post JSW Steel and Japan’s JFE Steel are finalizing the establishment of a joint venture appeared first on GMK.

]]> <![CDATA[Vale aims to gradually expand its presence in India]]> https://gmk.center/en/news/vale-aims-to-gradually-expand-its-presence-in-india/ Tue, 31 Mar 2026 08:03:03 +0000 https://gmk.center/?post_type=news&p=122101 Brazilian mining company Vale is looking to expand its business in India, not only by increasing ore shipments to the country but also by exploring other opportunities. Vale’s Executive Vice President of Commercial Operations, Rogerio Nogueira, spoke about this in an interview with Bloomberg. ““India could be an opportunity not just for sales, but also to […]

The post Vale aims to gradually expand its presence in India appeared first on GMK.

]]> <![CDATA[India will fund three pilot hydrogen projects for steel production]]> https://gmk.center/en/news/india-will-fund-three-pilot-hydrogen-projects-for-steel-production/ Mon, 30 Mar 2026 10:14:10 +0000 https://gmk.center/?post_type=news&p=122059 The Indian government has approved three pilot hydrogen projects in the steel industry as part of the National Green Hydrogen Mission, according to SteelOrbis. Approximately $41 million will be allocated to support these projects, which are expected to be completed within the next three years. The Ministry of New and Renewable Energy (MNRE) is supporting […]

The post India will fund three pilot hydrogen projects for steel production appeared first on GMK.

]]> <![CDATA[India aims to increase imports of raw materials for its steel industry]]> https://gmk.center/en/news/india-aims-to-increase-imports-of-raw-materials-for-its-steel-industry/ Fri, 27 Mar 2026 08:40:59 +0000 https://gmk.center/?post_type=news&p=121953 India will hold talks with Argentina, Indonesia, and Oman in an effort to increase supplies of raw materials for steel production, such as coking coal and iron ore. Reuters reported this, citing sources. The talks are expected to begin next month at Bharat Steel 2026, an international industry conference and exhibition to be held in […]

The post India aims to increase imports of raw materials for its steel industry appeared first on GMK.

]]> <![CDATA[India is set to increase iron ore imports to a seven-year high in the FY2025/2026]]> https://gmk.center/en/news/india-is-set-to-increase-iron-ore-imports-to-a-seven-year-high-in-the-fy2025-2026/ Wed, 25 Mar 2026 10:50:00 +0000 https://gmk.center/?post_type=news&p=121841 Iron ore imports to India are set to rise to a seven-year high in the 2025/2026 fiscal year (ending March 31) due to a domestic shortage of high-quality raw materials and demand from JSW Steel, according to Reuters. As analysts and industry executives note, total iron ore imports for the period are likely to reach […]

The post India is set to increase iron ore imports to a seven-year high in the FY2025/2026 appeared first on GMK.

]]> <![CDATA[JSW is asking the Indian government to intervene due to a gas shortage for the steel industry]]> https://gmk.center/en/news/jsw-is-asking-the-indian-government-to-intervene-due-to-a-gas-shortage-for-the-steel-industry/ Fri, 20 Mar 2026 10:03:03 +0000 https://gmk.center/?post_type=news&p=121660 JSW Steel Coated Products, an Indian steel company and a subsidiary of JSW Steel, has appealed to the government for assistance in securing supplies of liquefied natural gas (LNG) and propane amid shortages caused by the conflict involving Iran. According to Reuters, citing a March 10 letter from the company to the federal secretary for […]

The post JSW is asking the Indian government to intervene due to a gas shortage for the steel industry appeared first on GMK.

]]> <![CDATA[India’s steel industry is facing a gas supply shortage]]> https://gmk.center/en/news/india-s-steel-industry-is-facing-a-gas-supply-shortage/ Tue, 17 Mar 2026 04:03:17 +0000 https://gmk.center/?post_type=news&p=121432 Indian steelmakers are beginning to feel the effects of gas supply shortages amid the escalating conflict in the Middle East. According to Reuters, citing an internal memo, this situation has disrupted operations at some plants belonging to JSW Group, a leading Indian steel conglomerate. One of the plants may be shut down in the coming […]

The post India’s steel industry is facing a gas supply shortage appeared first on GMK.

]]> <![CDATA[India increased its imports of rolled steel by 36.6% y/y in April-February]]> https://gmk.center/en/news/india-increased-its-imports-of-rolled-steel-by-36-6-y-y-in-april-february/ Mon, 09 Mar 2026 11:52:28 +0000 https://gmk.center/?post_type=news&p=121095 India increased its imports of rolled steel by 36.6% year-on-year to 6.02 million tons in the first 11 months of the 2025/2026 fiscal year (April 2025-February 2026), Reuters reports, citing preliminary government data. Rolled steel imports to the country fell by 37.4% y/y – to 5.6 million tons during the same period. Rolled steel consumption […]

The post India increased its imports of rolled steel by 36.6% y/y in April-February appeared first on GMK.

]]> <![CDATA[India is considering introducing a requirement for green steel in public procurement]]> https://gmk.center/en/news/india-is-considering-introducing-a-requirement-for-green-steel-in-public-procurement/ Thu, 05 Mar 2026 12:22:54 +0000 https://gmk.center/?post_type=news&p=120975 India is considering the phased introduction of a mandate for green steel in public procurement, according to The Economic Times. According to the Confederation of Indian Industry (CII), the country could unlock up to 16 million tons of certified green steel supplies from manufacturers by the 2029/2030 fiscal year if a 26% commitment to low-carbon […]

The post India is considering introducing a requirement for green steel in public procurement appeared first on GMK.

]]> <![CDATA[India could reduce carbon emissions in steel industry by 28% thanks to scrap – ISA]]> https://gmk.center/en/news/india-could-reduce-carbon-emissions-in-steel-industry-by-28-thanks-to-scrap-isa/ Sat, 28 Feb 2026 06:37:54 +0000 https://gmk.center/?post_type=news&p=120772 India could reduce carbon emissions in its steel sector by 28% through greater use of scrap metal. This was stated by Alok Sahai, Secretary General of the Indian Steel Association (ISA), at an industry event. This was reported by SME Futures. This makes scrap one of the most practical short-term solutions for decarbonization. Sahai emphasized […]

The post India could reduce carbon emissions in steel industry by 28% thanks to scrap – ISA appeared first on GMK.

]]> <![CDATA[Tata Steel to launch new plant in Punjab in March]]> https://gmk.center/en/news/tata-steel-to-launch-new-plant-in-punjab-in-march/ Thu, 26 Feb 2026 13:48:28 +0000 https://gmk.center/?post_type=news&p=120712 Metallurgical company Tata Steel will launch a new plant in Ludhiana (Punjab state) in March this year. This was announced by Punjab Chief Minister Bhagwant Singh Mann, according to The Economic Times. The facility is the company’s second-largest plant in India and its largest investment in the region. It will use electric arc furnace technology […]

The post Tata Steel to launch new plant in Punjab in March appeared first on GMK.

]]> <![CDATA[India will support the creation of 8.7 million tons of new capacity for the production of special steel]]> https://gmk.center/en/news/india-will-support-the-creation-of-8-7-million-tons-of-new-capacity-for-the-production-of-special-steel/ Sat, 14 Feb 2026 08:07:36 +0000 https://gmk.center/?post_type=news&p=120100 India has signed memoranda of understanding for 85 special steel projects from 55 companies as part of the third round of its production-linked incentive (PLI 1.2) scheme, according to Observer Voice. The new round of the PLI scheme, designed to promote local manufacturing and enhance global competitiveness, has attracted investments of approximately $1.3 billion. This […]

The post India will support the creation of 8.7 million tons of new capacity for the production of special steel appeared first on GMK.

]]> <![CDATA[India to support steel exporters amid CBAM implementation]]> https://gmk.center/en/news/india-to-support-steel-exporters-amid-cbam-implementation/ Mon, 09 Feb 2026 13:07:43 +0000 https://gmk.center/?post_type=news&p=119837 Steel exports from India will continue to be affected by the European carbon tax (CBAM) and EU import quotas, so the government will take measures to help the sector. This was stated by the Secretary of the Ministry of Steel, Sandeep Paundrik, according to Reuters. Approximately two-thirds of Indian steel mills’ total exports go to […]

The post India to support steel exporters amid CBAM implementation appeared first on GMK.

]]> <![CDATA[Tata Steel increased steel production in India by 11.4% y/y in October-December]]> https://gmk.center/en/news/tata-steel-increased-steel-production-in-india-by-11-4-y-y-in-october-december/ Fri, 06 Feb 2026 15:28:42 +0000 https://gmk.center/?post_type=news&p=119768 In the third quarter of fiscal year 2025/2026 (October-December 2025), Tata Steel increased steel production at its Indian plants by 11.4% year-on-year – to 6.34 million tons, according to the company’s report. Consolidated steel production for the period increased by almost 8% year-on-year to 8.39 million tons. In October-December, domestic steel shipments amounted to 6.04 […]

The post Tata Steel increased steel production in India by 11.4% y/y in October-December appeared first on GMK.

]]> <![CDATA[AMNS India has received a green steel certificate for its steel products]]> https://gmk.center/en/news/amns-india-has-received-a-green-steel-certificate-for-its-steel-products/ Fri, 06 Feb 2026 12:16:57 +0000 https://gmk.center/?post_type=news&p=119755 AMNS India (a joint venture between ArcelorMittal and Japan’s Nippon Steel) has become the first integrated steel producer in the country to receive a “green steel” certificate from the government for its low carbon emissions during production. This was reported by The Economic Times, citing a statement from the company. AMNS India CEO Dilip Ommen […]

The post AMNS India has received a green steel certificate for its steel products appeared first on GMK.

]]> <![CDATA[Trade wars: how Trump’s factor affects the global economy]]> https://gmk.center/en/posts/trade-wars-how-trumps-factor-affects-the-global-economy/ Wed, 04 Feb 2026 07:00:01 +0000 https://gmk.center/?post_type=posts&p=119579 The beginning of 2026 showed that the US is not abandoning tariffs as a tool of trade and political pressure. In January alone, Donald Trump used such threats several times, in particular against a number of European countries and Canada. Against this backdrop, the United States’ major trading partners had to come up with “defense […]

The post Trade wars: how Trump’s factor affects the global economy appeared first on GMK.

]]> <![CDATA[The United States will reduce tariffs on imports from India to 18%]]> https://gmk.center/en/news/the-united-states-will-reduce-tariffs-on-imports-from-india-to-18/ Tue, 03 Feb 2026 10:21:02 +0000 https://gmk.center/?post_type=news&p=119561 On February 2, US President Donald Trump announced a trade agreement with India that reduces US tariffs on Indian goods from 50% to 18% in exchange for India stopping purchases of Russian oil and reducing trade barriers, Reuters reports. Trump announced the agreement on social media after a conversation with Indian Prime Minister Narendra Modi. […]

The post The United States will reduce tariffs on imports from India to 18% appeared first on GMK.

]]> <![CDATA[Jindal Steel reports sharp drop in quarterly profits]]> https://gmk.center/en/news/jindal-steel-reports-sharp-drop-in-quarterly-profits/ Mon, 02 Feb 2026 14:43:20 +0000 https://gmk.center/?post_type=news&p=119516 Indian steel producer Jindal Steel reported a decline in consolidated net profit after tax for the third quarter of the 2025/2026 financial year (October-December 2025) by almost 80% y/y – to 1.9 billion rupees ($20.67 million), according to Reuters. This was due to low steel prices and rising raw material costs. In particular, the company’s […]

The post Jindal Steel reports sharp drop in quarterly profits appeared first on GMK.

]]> <![CDATA[India has declared coking coal a critical mineral]]> https://gmk.center/en/news/india-has-declared-coking-coal-a-critical-mineral/ Thu, 29 Jan 2026 11:53:00 +0000 https://gmk.center/?post_type=news&p=119388 India has declared coking coal a critical and strategic mineral, according to The Economic Times. This move is aimed at reducing dependence on imports of this product for steel production. The government’s decision will give coking coal special status, allowing for faster permits for mineral extraction and better political support. India is estimated to have […]

The post India has declared coking coal a critical mineral appeared first on GMK.

]]> <![CDATA[The EU-India trade agreement does not provide for an exemption from CBAM]]> https://gmk.center/en/news/the-eu-india-trade-agreement-does-not-provide-for-an-exemption-from-cbam/ Wed, 28 Jan 2026 14:13:54 +0000 https://gmk.center/?post_type=news&p=119344 The Free Trade Agreement (FTA) between the EU and India does not provide for any exemptions from the Cross-Border Carbon Adjustment Mechanism (CBAM). This was confirmed by the European Commission, according to Argus Media. As EC chief spokeswoman Paula Pinho noted, the EU is not making any commitments to change the CBAM or to grant […]

The post The EU-India trade agreement does not provide for an exemption from CBAM appeared first on GMK.

]]>