India - Latest news GMK Center

Due to the 15% export duty, the country shipped 380,000 tons of steel abroad, while importing 444,000 tons

In this way, the country aims to accelerate the transition to cleaner fuels

Domestic steel prices in India fell by more than 20% after the imposition of the duty

The arrival of coking coal is scheduled in the next few weeks, and payment will be made after unloading

New factories are planned to be set up in the state of Odisha

The newly appointed Minister of Steel of India considers reaching an annual output of 240 million tons by 2030

Asian order book weakening and competitive prices from Chinese traders disrupted Indian exports

Demand was negatively affected by the previously introduced export duty; inventories are overloaded

Having weak domestic demand, Indian steel companies want to increase metal products exports to Europe

Export restrictions came into force on May 22, 2022

The biggest consumers of Indian metal products in the EU were Italy and Belgium

Specific associations feel volatility of iron ore prices