India - Latest news GMK Center

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

In one month, Indian steelmakers shipped 502,000 tons of steel for export

Chinese producers maintain a price advantage, India cannot withstand competition with China

In January-May, according to preliminary data, the country reduced steel exports by 33% y/y

The US will exempt some steel and aluminum exports from India from Section 232 duties

India exports 3-5 million tons of rolled steel to Europe every year

The proposal has been made, but the final decision has not yet been made