India - Latest news GMK Center

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

The first phase of the project will be completed by 2026

The government is looking to give steel producers an extra push to build capacity

Chinese supplies of metal products to the country reached a 5-year high

The investment will include the development of a project for the production of green hydrogen

The country seeks to provide a mechanism for resolving these issues in a free trade agreement

China falls out of the general trend, where ferrochrome prices stabilized at $1158-1185/t on the domestic market

The Indian government is also seeking to increase domestic production of this raw material