India - Latest news GMK Center

Indian steel producer has announced that it has commissioned the largest blast furnace in the country

Production increased from 34.7 million tons to 51.5 million tons. At the same time, by 2030, this indicator is likely to exceed 75 million tons

The plans will focus on increasing the integration of renewable energy sources in the industry

The safeguard measure for these products will remain in effect for another five years

The country will also consider state procurement of such steel products

Africa, Latin America and the Middle East are being studied as potential destinations

The agency made a corresponding request to the Ministry of Trade

The country considers this plan unacceptable and harmful to its economic interests

Current demand for steel in the country remains strong thanks to infrastructure support from the government

The increase in import volumes poses a threat to investments in capacity expansion

Exports of goods to EU covered by CBAM accounted for 9.91% of India's total exports to the bloc in 2022-23

Demand for iron ore in the country will grow by 9% compared to the previous fiscal year