India

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JSW Steel increased steel production by 5% y/y in November

Production in India grew by 7% year-on-year

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India increases ore imports to 6-year high in November

Import volumes increased amid fluctuations in global commodity prices and lower domestic supplies

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Indian steel industry leads the world in CO2 emissions

Emissions from Indian steel reach 2.6 tons of CO2 per ton of finished product, which is 25% more than in China

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India considers imposing a 25% safeguard duty on steel imports

The Ministry of Steel proposes to introduce a corresponding duty on certain steel products

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Low steel prices may hinder capacity expansion in India

Without adequate domestic capacity, the country will be dependent on imports for infrastructure development

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India needs to invest $120 billion to expand steel production by 2030

The country plans to reach 300 million tons of steel output by the specified deadline

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Demand for iron ore in India could grow by 50% by 2030

This will take place amid an increase in steel production in the country

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India increases steel imports to 7-year high in April-October

China is the main supplier of rolled metal to the Indian market

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BASIC countries insist on discussing European CBAM

China, Brazil, South Africa and India requested that the topic be included in the COP29 agenda

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India increased rolled steel imports by 42.2% y/y in April-September

Chinese supplies to the country in this period increased by 36.7% y/y

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JSW Steel and POSCO plan to invest $7.7 billion in a steel plant in Odisha

The initial investment in the project will amount to 200 billion rupiah

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