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India - Latest news GMK Center

Photo – India to increase iron ore imports to multi-year high in 2025 – BigMint
India to increase iron ore imports to multi-year high in 2025 – BigMint

Limited domestic supply leads to a significant increase in imports

Photo – Indian steel exports to the EU could decline significantly after the launch of CBAM
Indian steel exports to the EU could decline significantly after the launch of CBAM

The introduction of carbon tariffs on January 1 will force Indian steel mills to reorient their supplies

Photo – JFE Steel to establish joint venture with India’s JSW worth $3.4 billion
JFE Steel to establish joint venture with India’s JSW worth $3.4 billion

The newly formed division will include the plant of JSW's subsidiary in Odisha

Photo – Steel consumption in India: the first warning sign?
Steel consumption in India: the first warning sign?

Delays in budget financing boosted rolled steel exports

Photo – EU-India agreement must take into account challenges facing the bloc’s steel industry – EUROFER
EU-India agreement must take into account challenges facing the bloc’s steel industry – EUROFER

European steelmakers call for a level playing field and protection of strategic industries in negotiations with India

Photo – Asian coking coal prices showed mixed dynamics in November
Asian coking coal prices showed mixed dynamics in November

Domestic production is recovering in China, while India is weighing the impact of possible tariffs on coke imports

Photo – India considers new three-year protective duty on steel imports
India considers new three-year protective duty on steel imports

In April, the country implemented a temporary protective measure, which expired in November

Photo – India reduced its imports of rolled steel by 34% y/y in April-October
India reduced its imports of rolled steel by 34% y/y in April-October

South Korea became the largest supplier during this period

Photo – India sharply increased iron ore imports by more than 200% y/y in January-October
India sharply increased iron ore imports by more than 200% y/y in January-October

Demand for high-quality raw materials is growing due to limited domestic supplies and expansion of blast furnace capacity

Photo – Demand for steel in India remains on a growth trajectory
Demand for steel in India remains on a growth trajectory

Among other things, this momentum is supported by the pace of urbanization and government capital investments

Photo – Tata Steel plans to turn Kalinganagar into its largest production base
Tata Steel plans to turn Kalinganagar into its largest production base

The company intends to double its steel production capacity at the plant

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