India - Latest news GMK Center

Indian government approved the sale of 100% state-owned RINL's shares

The Ministry of Finance is proposed to cancel import duties on various steel raw materials

India's imports of iron ore and steel are rising amid declining exports, requiring government action to remedy the situation

The effect of the export duty in the next few months will be a stabilizing factor in the market and will prevent its volatility

In July-August 2022, Indian steelmakers actively ordered cheap coke from China and Indonesia. It reduced the demand for coking coal

The announced amount of deliveries per year will be about 25% of NMDC's annual production

In April-August 2022, exports of rolled steel from India fell by 53% year-on-year – to 3.02 million tons

The largest share in the total steel imports in April-July was hot-rolled products made of non-alloyed steel

The company plans to invest $325.8 million in the construction of a new electro-steel plant

India's steel minister calls on companies to switch to electric steelmaking instead of BOF's production

The projects will expand the capacity of Tata Steel, ArcelorMittal Nippon Steel and other Indian companies

In July, Russia became the third largest supplier of coal to India, increasing the index by 21%