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Photo – India’s Supreme Court approves JSW Steel’s acquisition of Bhushan Power and Steel
India’s Supreme Court approves JSW Steel’s acquisition of Bhushan Power and Steel

The court overturned its previous decision to reject the deal

Photo – India increased steel exports by 22% y/y in April-August
India increased steel exports by 22% y/y in April-August

The EU was the largest export destination during this period

Photo – India plans five-year anti-dumping duty on Chinese electrical steel
India plans five-year anti-dumping duty on Chinese electrical steel

DGTR recommends protecting Indian manufacturers from cheap imports of cold-rolled electrical steel from China

Photo – Acquisition of Thyssenkrupp division could help Jindal Steel with European CBAM
Acquisition of Thyssenkrupp division could help Jindal Steel with European CBAM

Hypothetical European asset could offer a number of other advantages

Photo – CBAM will affect steel exports from India much more than US tariffs – minister
CBAM will affect steel exports from India much more than US tariffs – minister

Government working on scheme to promote clean technologies in steel industry

Photo – India’s coking coal imports will grow to 115 million tons by 2030 – EY Parthenon
India’s coking coal imports will grow to 115 million tons by 2030 – EY Parthenon

Despite efforts to increase self-sufficiency, the country will remain the second-largest importer after China

Photo – India plans to introduce a 30% export duty on low-grade iron ore
India plans to introduce a 30% export duty on low-grade iron ore

The country seeks to secure raw materials for local metallurgists and lower prices

Photo – Investments in infrastructure will support additional demand for steel in India, – minister
Investments in infrastructure will support additional demand for steel in India, – minister

The country aims to achieve higher per capita steel consumption

Photo – Asian coking coal prices fell amid increased supply
Asian coking coal prices fell amid increased supply

Indian buyers took a wait-and-see approach, while the Chinese market remained weak

Photo – CBAM will open up opportunities for India to export green steel to the EU – JSW Steel
CBAM will open up opportunities for India to export green steel to the EU – JSW Steel

The country will have to deal with emission requirements both domestically and in export markets

Photo – CBAM will cost India 0.03% of GDP – study
CBAM will cost India 0.03% of GDP – study

An internal carbon tax can reduce this impact

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