India - Latest news GMK Center

The country seeks to align its new strategy with changing dynamics in the sector

The company aims to become the largest foreign steel producer in India

Imports of these products amounted to 4.65 million tons during the period

The operating margin of the steel sector will remain largely unchanged during this period

The country offers incentives for the production of high-quality and special steel

Imports of steel products fell by 13% during the period in question

Strong demand from China and rising prices supported shipments of ore and pellets

The agency forecasts a 4.5% decline in steel production in China next year

The duty of $223.82/ton will be in effect for 5 years

The plans underscore the company's confidence in domestic demand for steel

The controlling stake is valued at $69.34 million, strengthening access to raw materials and market position for rolled products

Limited domestic supply leads to a significant increase in imports