India

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India increased production of coking coal by 10% y/y in June

Production fell by 5% compared to May 2023

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India to refrain from duties on certain steel products from China – Reuters

In this way, consumers will be protected, despite the damage to steel producers.

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Steel expansion gains momentum in India

Such plans have JSW, Tata Tata Steel, AMNS and the state SAIL

arcelor.mittal
ArcelorMittal to finance decarbonization projects in India

Investments will come from the XCarb Innovation Fund

jsw.in
JSW Steel increased steel production by 10% y/y in April-June

During the first quarter of the 2023/2024 financial year, the company's Indian plants produced 6.19 million tons of steel

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India increased steel imports from China to a 6-year high in April-May

India's government is considering imposing a countervailing duty on steel imports from China amid a surge in supplies

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India’s steel exports fell to a six-month low in June

In one month, Indian steelmakers shipped 502,000 tons of steel for export

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The level of export prices on the global steel market decreased in June

Chinese producers maintain a price advantage, India cannot withstand competition with China

metinvest.media
India’s steel exports in June will show further decline – forecast

In January-May, according to preliminary data, the country reduced steel exports by 33% y/y

metinvest.media
Indian steel will gain greater access to the US market

The US will exempt some steel and aluminum exports from India from Section 232 duties

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CBAM will affect 15-40% of Indian steel exports to Europe

India exports 3-5 million tons of rolled steel to Europe every year

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India is considering a countervailing duty on steel imports from China

The proposal has been made, but the final decision has not yet been made

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