India - Latest news GMK Center

Compared to June 2023, exports increased by 3%

The country focuses on the development of infrastructure and expansion of production

In the first half of 2023, steel production increased by 4.7%

The Ministry of Steel considers the condition of «melt and pour» as a countermeasure to transit exports

The driver of sales growth was the increase in demand for steel in the infrastructure industry

Chinese steel products are offered at deep discounts, which is a problem for local producers

Production fell by 5% compared to May 2023

In this way, consumers will be protected, despite the damage to steel producers.

Such plans have JSW, Tata Tata Steel, AMNS and the state SAIL

Investments will come from the XCarb Innovation Fund

During the first quarter of the 2023/2024 financial year, the company's Indian plants produced 6.19 million tons of steel

India's government is considering imposing a countervailing duty on steel imports from China amid a surge in supplies