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India - Latest news GMK Center

Photo – India prioritizes local steel for government projects
India prioritizes local steel for government projects

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

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

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

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

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

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

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

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

JSW Steel became the largest importer in the period

Photo – India considers countermeasures against US steel duties
India considers countermeasures against US steel duties

The country notified the WTO of its intention to impose retaliatory tariffs

Photo – India does not rule out retaliatory measures against the European CBAM
India does not rule out retaliatory measures against the European CBAM

India's exports of steel, aluminum and cement to the EU may face a tariff of 20-35% under the mechanism

Photo – India increased iron ore production to 289 million tons in FY2024/2025
India increased iron ore production to 289 million tons in FY2024/2025

This result is a historical record, surpassing the maximum of the previous financial period

Photo – India introduces certification of low-carbon rolled products
India introduces certification of low-carbon rolled products

The system is voluntary, and the country aims to certify steel for the processing industry

Photo – India aims to increase steel production to 500 million tons per year
India aims to increase steel production to 500 million tons per year

Prime Minister urges steelmakers to strive for zero imports

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