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Photo – Tata Steel Europe reduced steel sales by 4% y/y in April-September
Tata Steel Europe reduced steel sales by 4% y/y in April-September

The division's steel production decreased by 17% y/y through the maintenance of one of the blast furnaces in the Netherlands

Photo – Bharat in September increased rolled steel consumption by 18% y/y
Bharat in September increased rolled steel consumption by 18% y/y

These indicators are due to high demand from state infrastructure projects

Photo – Bharat to set carbon reduction targets for four sectors
Bharat to set carbon reduction targets for four sectors

Target indicators will also apply to the steel industry

Photo – Export of eco-friendly steel from Bharat is not possible under current CBAM – AMNS
Export of eco-friendly steel from Bharat is not possible under current CBAM – AMNS

The country's steelmakers are already working on the decarbonization of production

Photo – Bharat’s steelmakers will switch to green hydrogen by 2050 – forecast
Bharat’s steelmakers will switch to green hydrogen by 2050 – forecast

Decarbonization of the country's steel sector will take longer than planned

Photo – Bharat increased iron ore production by 13% y/y in January-August
Bharat increased iron ore production by 13% y/y in January-August

The largest volumes of raw materials were extracted by the NMDC company – 31 million tons

Photo – Steel demand in Bharat will grow by 10% in fiscal 2023/2024 – forecast
Steel demand in Bharat will grow by 10% in fiscal 2023/2024 – forecast

Growth will primarily come as infrastructure spending accelerates

Photo – Bharat and US agree on preferential treatment for steel exports
Bharat and US agree on preferential treatment for steel exports

Countries have closed pending disputes at the WTO

Photo – India needs more initiatives to obtain additional scrap volumes
India needs more initiatives to obtain additional scrap volumes

Currently, the country produces about 22 million tons of scrap per year

Photo – India increased steel production by 12.8% y/y in August
India increased steel production by 12.8% y/y in August

Pig iron smelting for the month increased by 8.1% y/y

Photo – India reduced steel exports by almost 30% in January-July
India reduced steel exports by almost 30% in January-July

In July, exports increased by 34% compared to the previous month

Photo – Indian JSW Steel increased steel production by 10% y/y in July
Indian JSW Steel increased steel production by 10% y/y in July

Steel production at the plant in the US increased by 96% y/y

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