India

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India may roll back countervailing duty on stainless steel imports

The Ministry of Finance has already been recommended to introduce a duty of 19%

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India to introduce 40 million tons of new steelmaking capacity by FY2025/2026

Domestic steelmaking capacity is expected to reach 255 million tons by 2030/2031 financial year

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The EU and India will negotiate on the application of CBAM

Indian industrialists are concerned about the future impact of the mechanism on the country's exports

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Demand for steel in India increased by 13.3% y/y in the FY 2022/2023 – JSW Steel

The company predicts steel demand growth of 7-8% in the 2023/2024 financial year

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World prices for hot-rolled coils are falling under the pressure of low demand

Global rolled steel trade is slowing due to uncertainty in the Chinese market

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India increased its steel exports to a 13-month high in April

In one month, Indian steelmakers shipped 855,000 tons of steel for export

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India is asking the EU to recognize its carbon credit trading scheme

The country strives for the development of the internal carbon market

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India will increase iron ore production by approximately 10% y/y in the 2023/2024 financial year – forecast

In the 2022/2023 fiscal year, the volume of iron ore production in the country amounted to 255 million tons

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India is cooperating with the EU on CBAM implementation

The country is taking steps to reduce carbon emissions in industry

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AMNS India gets approval to acquire Indian Steel Corp

This acquisition will expand the company's processing capabilities and product portfolio

economictimes.indiatimes.com
JSW Steel increased steel output by 25% y/y in 2022-2023 financial year

In the 4th quarter of the 2022-2023 financial year, the production of unrefined steel increased by 12% y/y

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Indian steelmakers are asking for the return of anti-dumping duties on imports

Shipments to the country are growing due to a slowdown in other key markets

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