India

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India’s SAIL and JCIL to invest $692 million in electrical steel production

The plant is planned to be commissioned in 2027-2029

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India increased rolled steel imports to a six-year high in April-December

Imports for 9 months of 2024/2025 financial year amounted to 7.27 million tons

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Steel demand in India to grow by 8-9% in 2025 – Crisil

Prices for steel products in the country may increase in the event of the introduction of a protective duty on imports

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Tata Steel increased steel production in India by 5% y/y in April-December

The Dutch business increased steel output by 54% year-on-year during this period

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India restricts imports of metallurgical coke to protect domestic producers

The government's decision has raised concerns among leading steel companies

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CBAM could have broad impact on India’s trade – study

Estimates of the impact on steel exports to the EU vary widely

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India increased rolled steel imports to an 8-year high in April-November

During the period, China increased the export of steel products to the country by 22.8% y/y

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India plans to impose a temporary 25% duty on steel imports

The safeguard measure is aimed at stabilizing the domestic steel market and curbing imports from China

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India reduced iron ore exports by 55% y/y in November

The sharp decline was driven mainly by lower demand from China and an increase in domestic steel production

India considers imposing restrictions on coke imports

Steel companies oppose this step

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Steel capacity utilization in India to hit 4-year low – ICRA

A surge in cheap imports led to a decline in the market share of local steelmakers

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India announces green steel classification formula

Steel products produced with CO2 emissions of less than 2.2 tons per ton of rolled steel will be considered green

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