India - Latest news GMK Center

The import of coking coal meets about 85% of the country's annual needs

Indian rolled steel export unlikely to return to FY2020/2021 levels

According to forecasts, the country's steel industry will grow almost twice by 2030

India plans to increase coking coal processing capacity to 300 million tons per year

Exporters from India, Turkiye and the Russian Federation are more active in the MENA market

During the 8 months of t2022 financial year, the country increased the import of rolled steel by 22.5% y/

Export benefits will be applied until September 30, 2023

About 72% of steelmaking facilities under construction in the world are blast furnaces

In 7 months of 2022, Russian steel exports to India increased by 4.4 times y/y – up to 149 thousand tons

The abolition of the export duty on steel in India may increase the import of cheaper products to the domestic market of Turkiye

In the future, this step may affect the European steel market

The country's government has returned import duties on coke and coking coal