India - Latest news GMK Center

The current utilization of internal capacities is about 30%

For 10 months of the 2022/2023 financial year, the import of rolled steel increased by 28% y/y

Indian producers of ferrochrome are seeing good demand from European countries

Activity in Europe was affected by energy prices and recession concerns

Recovery of global steel prices and abolition of 15% export duty boosted export orders from India

Gradually, the country will increase the import of scrap metal, becoming the world's largest importer of such raw materials

Market reports indicate potential interest from Chinese buyers

Rise in import prices will increase the production of steel makers in India

The enterprise will produce 750 thousand tons of steel per year

Last December, the export of rolled products and semi-finished products fell by 40% y/y

The country will also express concerns about the EU-proposed CBAM

In December, steel imports into the country increased to a 3-year high – by 65% ​​y/y