India

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Tata Steel increased steel output by 4% y/y in 2022-2023 financial year

In the fourth quarter of the last fiscal year, the company increased steel production by 5.1% y/y

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Steel exports from India in 2022/2023 financial year fell to five-year low

Export volumes of rolled products decreased by 50.2% y/y

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The global rolled steel market is under the pressure of weakening demand

The European market is breaking out of the general trend due to limited supply

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India may become a net importer of steel in 2022/2023 fiscal year

In the 11 months of the 2022/2023 financial year, exports of Indian rolled products fell by 52% y/y

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Iron ore exports from India in the 2022/2023 financial year will fall to a 5-year low

In the 2021/2022 financial year, China imported 21 million tons of Indian iron ore and iron ore concentrate

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JSW Steel plans to invest $244 million in the development of a new coking coal unit

The company recently acquired a coking coal deposit in the Indian state of Jharkhand, the reserves of which are estimated at 1 billion tons

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India is not considering reimposing export duties on steel

The profile ministry monitors the prices of steel and raw materials

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Australia’s mining companies are looking to increase iron ore exports to India

In 2021, India imported 411 thousand tons of Australian iron ore

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India reduced steel exports by 50% y/y in February 2023

Steel production in the country fell by 2.5% y/y for the month

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Iron ore production in India will be about 250 million tons in the 2022/2023 financial year

Production increased even before the abolition of export duties on steel and raw materials in November 2022

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India will start producing coking coal in 10 private mines in 2025

The peak nominal capacity of the blocks is 22.5 million tons per year

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