India - Latest news GMK Center

Last year, the country imported 8.3 million tons of rolled steel, and exported 7.5 million tons

Over the past fiscal year, the division increased steel production by 4% y/y – up to 20.8 million tons

In this way, the country seeks to fight price anomalies in the domestic market

Leading Indian steelmakers plan to invest billions of dollars in significant capacity expansion

The capacity of the steelmaking complex will be 13.2 million tons of steel per year

The country's steelmakers have high sales in the region and carbon-intensive production

New Delhi, together with like-minded countries, intends to insist on limiting EU measures

The company outlined a decarbonization strategy for the near term

The country's steelmakers predict an increase in domestic demand for steel

The country aims to increase the share of this raw material in steel industry to 50% by 2047

In 2022, the production volume of this raw material amounted to 282 million tons

The relevant department has not yet sent proposals to the Ministry of Finance of the country