India - Latest news GMK Center

Import volumes increased amid fluctuations in global commodity prices and lower domestic supplies

Emissions from Indian steel reach 2.6 tons of CO2 per ton of finished product, which is 25% more than in China

Deliveries increased by 35.4% y/y.

The Ministry of Steel proposes to introduce a corresponding duty on certain steel products

Without adequate domestic capacity, the country will be dependent on imports for infrastructure development

The country plans to reach 300 million tons of steel output by the specified deadline

This will take place amid an increase in steel production in the country

China is the main supplier of rolled metal to the Indian market

China, Brazil, South Africa and India requested that the topic be included in the COP29 agenda

Chinese supplies to the country in this period increased by 36.7% y/y

The initial investment in the project will amount to 200 billion rupiah

The plant will require investments of $16.6 billion