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Photo – India increased steel exports by 22% y/y in April-August
India increased steel exports by 22% y/y in April-August

The EU was the largest export destination during this period

Photo – India plans five-year anti-dumping duty on Chinese electrical steel
India plans five-year anti-dumping duty on Chinese electrical steel

DGTR recommends protecting Indian manufacturers from cheap imports of cold-rolled electrical steel from China

Photo – Acquisition of Thyssenkrupp division could help Jindal Steel with European CBAM
Acquisition of Thyssenkrupp division could help Jindal Steel with European CBAM

Hypothetical European asset could offer a number of other advantages

Photo – CBAM will affect steel exports from India much more than US tariffs – minister
CBAM will affect steel exports from India much more than US tariffs – minister

Government working on scheme to promote clean technologies in steel industry

Photo – India’s coking coal imports will grow to 115 million tons by 2030 – EY Parthenon
India’s coking coal imports will grow to 115 million tons by 2030 – EY Parthenon

Despite efforts to increase self-sufficiency, the country will remain the second-largest importer after China

Photo – India plans to introduce a 30% export duty on low-grade iron ore
India plans to introduce a 30% export duty on low-grade iron ore

The country seeks to secure raw materials for local metallurgists and lower prices

Photo – Investments in infrastructure will support additional demand for steel in India, – minister
Investments in infrastructure will support additional demand for steel in India, – minister

The country aims to achieve higher per capita steel consumption

Photo – Asian coking coal prices fell amid increased supply
Asian coking coal prices fell amid increased supply

Indian buyers took a wait-and-see approach, while the Chinese market remained weak

Photo – CBAM will open up opportunities for India to export green steel to the EU – JSW Steel
CBAM will open up opportunities for India to export green steel to the EU – JSW Steel

The country will have to deal with emission requirements both domestically and in export markets

Photo – CBAM will cost India 0.03% of GDP – study
CBAM will cost India 0.03% of GDP – study

An internal carbon tax can reduce this impact

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