India - Latest news GMK Center

Exports of finished steel reached 0.6 million tons, up 44.7% year-on-year

Boosting sales to India and other Asian markets will help offset stagnant demand from China

Export volumes are likely to decline after a strong start to the year

The country's dependence on imports of these products is an obstacle to increasing steel production

Ministry of Steel warns that prices below cost threaten industry expansion

Traders expect restocking in India and China during the fourth quarter

In April-September, volumes amounted to 4.43 million tons

The sector is affected by weak demand, particularly from the construction industry, and falling prices

The investment has increased the company's capacity by 60% and will boost the production of rolled products and pipes

The company is increasing the annual steel production capacity at its Anguli steel plant to 9 million tons

Ministry of Steel requests a levy of $125/t

Pig iron production capacity in Angul will increase to 9 million tons per year