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India - Latest news GMK Center

Photo – India may extend restrictions on coke imports
India may extend restrictions on coke imports

Government seeks to encourage steelmakers to source products from local producers

Photo – India discusses protecting small steel consumers from safeguard duties
India discusses protecting small steel consumers from safeguard duties

The government is working to offer such consumers a support system

Photo – ArcelorMittal considers transferring some European business processes to India
ArcelorMittal considers transferring some European business processes to India

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

Photo – US trading partners are concerned about new tariffs on steel and aluminum
US trading partners are concerned about new tariffs on steel and aluminum

Industry associations and officials weigh the implications of the move

Photo – India increased rolled steel imports by 20% y/y in April-January
India increased rolled steel imports by 20% y/y in April-January

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

Photo – JSW Steel and JFE complete the acquisition of Thyssenkrupp’s electrical steel business in India
JSW Steel and JFE complete the acquisition of Thyssenkrupp’s electrical steel business in India

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

Photo – India plans $129.4 billion in capital expenditure in FY2025/2026 budget
India plans $129.4 billion in capital expenditure in FY2025/2026 budget

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

Photo – Indian steelmakers continue to insist on protection from steel imports
Indian steelmakers continue to insist on protection from steel imports

The industry hopes for appropriate decisions on duties from the government

Photo – India’s SAIL and JCIL to invest $692 million in electrical steel production
India’s SAIL and JCIL to invest $692 million in electrical steel production

The plant is planned to be commissioned in 2027-2029

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