India

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India wants to double its steel production in the next 8 years

The newly appointed Minister of Steel of India considers reaching an annual output of 240 million tons by 2030

India reduced steel exports by 42% in May

Asian order book weakening and competitive prices from Chinese traders disrupted Indian exports

Indian steelmakers plan to reduce production in July due to low demand

Demand was negatively affected by the previously introduced export duty; inventories are overloaded

India’s introduction of export tariffs could hit the local steel market

Having weak domestic demand, Indian steel companies want to increase metal products exports to Europe

India introduced an export duty of 15% on 11 types of metal products

Export restrictions came into force on May 22, 2022

European Union increased its steel imports from India by 76%

The biggest consumers of Indian metal products in the EU were Italy and Belgium

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India’s casters demand pig iron, iron ore export ban

Specific associations feel volatility of iron ore prices

Ukraine retained its position in the world’s ranking of the steel producers

Despite the drop in production, Ukraine retained its 13th position

«Энергомашспецсталь» поставила восемь валков для индийской АЭС (c) emss.ua
Energomashspetsstal supplied 8 rolls to an Indian NPP

The next supply is expected to take place in late August

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