India

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India cuts rolled steel exports to six-month low in May

Eexports last month amounted to about 0.5 million tons

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India will stimulate iron ore enrichment for the needs of steelmakers

Due to the growth of steel capacities, the availability of raw materials with a higher iron content remains in question

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JSW Energy is developing India’s largest green hydrogen project

The company is preparing to become the main supplier of green energy for JSW Steel in the future

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Steel demand in India to grow by 8-10% in FY2024/2025 – Tata Steel CEO

The situation in China will continue to affect the prices of steel products in India

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India’s iron ore exports fell by 53% m/m in March

Shipments of raw materials fall for the third month in a row, mainly due to lower demand from China

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India became a net importer of rolled steel products in FY2023-2024

Last year, the country imported 8.3 million tons of rolled steel, and exported 7.5 million tons

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Tata Steel India reaches record steel production in FY2023-2024

Over the past fiscal year, the division increased steel production by 4% y/y – up to 20.8 million tons

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India considers creating a national iron ore exchange – Reuters

In this way, the country seeks to fight price anomalies in the domestic market

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Indian steelmakers to increase capacity by more than 22 million tons in 2024

Leading Indian steelmakers plan to invest billions of dollars in significant capacity expansion

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JSW Steel announces construction of a steel plant in Paradip

The capacity of the steelmaking complex will be 13.2 million tons of steel per year

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CBAM poses the biggest risk to Indian steelmakers – Goldman Sachs

The country's steelmakers have high sales in the region and carbon-intensive production

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