India

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India increased iron ore production to historic high in 2023

In 2022, the production volume of this raw material amounted to 282 million tons

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India is in no hurry to raise import duties on steel

The relevant department has not yet sent proposals to the Ministry of Finance of the country

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AMNS India is building the world’s largest single integrated steel plant

The first phase of the project will be completed by 2026

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India is working on the second phase of the incentive scheme for the steel industry

The government is looking to give steel producers an extra push to build capacity

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India became a net importer of rolled steel in April-November

Chinese supplies of metal products to the country reached a 5-year high

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India’s Essar invests $6.6 billion in energy and port projects in Gujarat

The investment will include the development of a project for the production of green hydrogen

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India is concerned about a potential British equivalent of CBAM

The country seeks to provide a mechanism for resolving these issues in a free trade agreement

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Global market for ferroalloys is experiencing a decline in prices

China falls out of the general trend, where ferrochrome prices stabilized at $1158-1185/t on the domestic market

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India and Australia will agree on a stable supply of coking coal

The Indian government is also seeking to increase domestic production of this raw material

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India to oppose CBAM at World Trade Organization

At the same time, the country's producers consider it necessary to study the barriers to cheap imports

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India became a net importer of steel in October

During the month, the country imported 570,000 tons of steel, which is 4% less compared to October 2022

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CBAM implementation can increase the value of Bharat’s exports by 20-35%

A country can oppose the mechanism or work with it within the framework of its own initiatives

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