India - Latest news GMK Center

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

The Ministry of Finance has already been recommended to introduce a duty of 19%

Domestic steelmaking capacity is expected to reach 255 million tons by 2030/2031 financial year

Indian industrialists are concerned about the future impact of the mechanism on the country's exports

The company predicts steel demand growth of 7-8% in the 2023/2024 financial year

Global rolled steel trade is slowing due to uncertainty in the Chinese market

In one month, Indian steelmakers shipped 855,000 tons of steel for export

The country strives for the development of the internal carbon market

In the 2022/2023 fiscal year, the volume of iron ore production in the country amounted to 255 million tons