India - Latest news GMK Center

Countries have closed pending disputes at the WTO

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

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

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

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

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