India

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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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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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