India - Latest news GMK Center

The package will include subsidies for companies that invest in green technologies

The capacity of the plant is planned at the level of 5 million tons of steel per year

The demand for this raw material in the country will grow due to the increase in steel production

The country's steel industry is vulnerable to trade diversion

The definition of such products is planned in October

The research will consider the role of alternative reducing agents for blast furnaces

Currently, the country faces dumping and unfair pricing

Country's steel companies have good positions in the global steel sector

Import prices for Chinese steel products are much lower than domestic ones

The industry association notes that there is a risk of increased steel imports in the coming months

The new production lines are expected to be fully operational by FY2025/2026

Imports of rolled products for the period amounted to 3.7 million tons