India - Latest news GMK Center

Imports for 9 months of 2024/2025 financial year amounted to 7.27 million tons

Prices for steel products in the country may increase in the event of the introduction of a protective duty on imports

The Dutch business increased steel output by 54% year-on-year during this period

The government's decision has raised concerns among leading steel companies

Estimates of the impact on steel exports to the EU vary widely

During the period, China increased the export of steel products to the country by 22.8% y/y

The safeguard measure is aimed at stabilizing the domestic steel market and curbing imports from China

The sharp decline was driven mainly by lower demand from China and an increase in domestic steel production

Steel companies oppose this step

A surge in cheap imports led to a decline in the market share of local steelmakers

Steel products produced with CO2 emissions of less than 2.2 tons per ton of rolled steel will be considered green

Production in India grew by 7% year-on-year