India - Latest news GMK Center

The company sent a letter to the government

Government seeks to encourage steelmakers to source products from local producers

The government is working to offer such consumers a support system

The company is looking for ways to reduce pressure in the EU by maintaining production but optimizing business processes

Industry associations and officials weigh the implications of the move

Steel exports decreased by 28.9% year-on-year in the period under review

Buyers seek to quickly create an integrated system for the production and sale of these products in the country

Government officials did not propose any significant changes to the structure of import duties on various types of steel products

The industry hopes for appropriate decisions on duties from the government

The company has already invested $1.7 billion

It is about the sum of 150 billion rupiah ($1.74 billion)

The plant is planned to be commissioned in 2027-2029