India

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India demands the complete abolition of the import duty on coking coal

The import of coking coal meets about 85% of the country's annual needs

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India’s steel producers expect prices to rise in January 2023

Indian rolled steel export unlikely to return to FY2020/2021 levels

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India must join global efforts to decarbonize steel production — Atlantic Council

According to forecasts, the country's steel industry will grow almost twice by 2030

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Coal India will build processing plants with a capacity of 25.6 million tons per year

India plans to increase coking coal processing capacity to 300 million tons per year

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MENA rebar producers are losing $50-70 million per month due to changes in global trade flows

Exporters from India, Turkiye and the Russian Federation are more active in the MENA market

India reduced the export of rolled steel by 55% y/y in April-November 2022

During the 8 months of t2022 financial year, the country increased the import of rolled steel by 22.5% y/

India has included steel in the export promotion scheme

Export benefits will be applied until September 30, 2023

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It will take decades to produce green steel in Asia — BHP

About 72% of steelmaking facilities under construction in the world are blast furnaces

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India increased steel imports from the Russian Federation to a 4-year high in April-October 2022

In 7 months of 2022, Russian steel exports to India increased by 4.4 times y/y – up to 149 thousand tons

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Turkish steelmakers fear India’s entry into the local steel market

The abolition of the export duty on steel in India may increase the import of cheaper products to the domestic market of Turkiye

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The abolition of export duties will give impetus to the growth of Indian steel industry

In the future, this step may affect the European steel market

India lifted export duties on some steel products

The country's government has returned import duties on coke and coking coal

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