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Photo – India increased rolled steel imports by 15.8% y/y in 11 months of FY2024/2025
India increased rolled steel imports by 15.8% y/y in 11 months of FY2024/2025

Exports of steel products decreased by 33.7% y/y over the period

Photo – Safeguard duty could halve India’s steel imports in FY2025/2026 – ICRA
Safeguard duty could halve India’s steel imports in FY2025/2026 – ICRA

This step will also improve the profitability of local steel mills

Photo – CBAM could hinder decarbonization of smaller steel players in India
CBAM could hinder decarbonization of smaller steel players in India

SMEs will have difficulties due to financial and technological constraints

Photo – Indian steel market: a benchmark for exporters
Indian steel market: a benchmark for exporters

Steel production in India shows steady growth despite global trends

Photo – Global pig iron prices recovered after a fall
Global pig iron prices recovered after a fall

Pig iron prices in key regions returned to last year's levels by the end of February

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

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