India

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Steel demand in India will remain stable till the end of FY2022/2023

The stimulus for steel consumption in the country, in particular, was state investment in infrastructure

India’s rolled products exports fell by 54% y/y in the first half of FY2022/2023

Steel production in India in April-September 2022 increased by 7% year-on-year

The Indian Government has set up advisory committees to deal with the problems of steel industry

Due to this, it is planned to reduce problems in the industry and accelerate the achievement of the goal of 300 million tons of capacity by 2030

India will bet on decarbonisation of steel production

The long-term goal is to reduce carbon emissions by 50% by 2047

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India proposes tariffs on British goods in response to restrictions on steel products

Protective measures implemented by the UK led to a reduction in Indian exports by 219 thousand tons

AMNS India invests $5 billion in expanding production capacity

Two blast furnaces to be built at the Hazira plant by mid-2026

India plans to impose anti-dumping duty on Chinese steel pipes

Recommended duty ranges from $114/t to $3,801/t

India’s Adani Group to enter the steel market through the acquisition of RINL

Indian government approved the sale of 100% state-owned RINL's shares

The Indian steel minister calls for support the country’s steel industry

The Ministry of Finance is proposed to cancel import duties on various steel raw materials

Indian government may reduce export duty on steel and iron ore

India's imports of iron ore and steel are rising amid declining exports, requiring government action to remedy the situation

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India’s steel export duty will act until at least December 2022

The effect of the export duty in the next few months will be a stabilizing factor in the market and will prevent its volatility

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