India

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Coking coal exports from Australia to India fell to a two-year low in August 2022

In July-August 2022, Indian steelmakers actively ordered cheap coke from China and Indonesia. It reduced the demand for coking coal

India’s RINL has signed a long-term contract with NMDC for the purchase of iron ore

The announced amount of deliveries per year will be about 25% of NMDC's annual production

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India reduced the rolled steel export by 66% y/y in August 2022

In April-August 2022, exports of rolled steel from India fell by 53% year-on-year – to 3.02 million tons

India has became a net steel importer in July for the first time since January 2021

The largest share in the total steel imports in April-July was hot-rolled products made of non-alloyed steel

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Tata Steel has received permission to build a steel plant in Ludhiana

The company plans to invest $325.8 million in the construction of a new electro-steel plant

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The Indian government obliged steelmakers to reduce emissions by 40% by 2030

India's steel minister calls on companies to switch to electric steelmaking instead of BOF's production

India approves six new steel projects in Odisha

The projects will expand the capacity of Tata Steel, ArcelorMittal Nippon Steel and other Indian companies

Indian companies are buying Asian currencies to import coal from the Russian Federation

In July, Russia became the third largest supplier of coal to India, increasing the index by 21%

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India became steel net importer in July

Due to the 15% export duty, the country shipped 380,000 tons of steel abroad, while importing 444,000 tons

India plans to launch a carbon trading market

In this way, the country aims to accelerate the transition to cleaner fuels

Steel export duty in India could be increased soon – JSW Steel

Domestic steel prices in India fell by more than 20% after the imposition of the duty

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Indian SAIL ordered 80 thousand tons of washed coking coal from Russia

The arrival of coking coal is scheduled in the next few weeks, and payment will be made after unloading

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