Tag: India

Is the UK Government Playing Politics in the Tata Steel Port Talbot Transition?

Is the UK Government Playing Politics in the Tata Steel Port Talbot Transition? tata steel manufacturing

Tata Steel is in talks with the UK government to acquire £500 million ($630 million) in funding. The steelmaking multinational confirmed the funds would help the Port Talbot plant replace its operating blast furnaces with electric arc furnaces. The news comes as the Tata Steel share price recently reached a high for the year. “Given […]

Tata’s Port Talbot Steel Manufacturing Plant Faces Uncertain Future, UK Pledges £500 Million Lifeline

Tata’s Port Talbot Steel Manufacturing Plant Faces Uncertain Future, UK Pledges £500 Million Lifeline Tata Steel Stock Yard Limited in Faridabad NIT, Faridabad. Tata steel share price.

The British government and Tata Steel remain in discussion regarding the future of the Port Talbot steel manufacturing plant. Recently, the government said they may pledge a substantial £500 million (approx. U.S. $629 million) in financial support for the South Wales facility. This may be in addition to Tata Steel India’s planned investment of £700 million […]

Chinese Exports, Steel Prices Trigger Crisis for Indian Producers

Chinese Exports, Steel Prices Trigger Crisis for Indian Producers steel prices china and india

India may be the world’s second-largest steel producer, yet it continues to grapple with reliance on steel imports. In the last few months, China has emerged as a major steel exporter to India, leading to protests from India’s domestic sector. Indeed, India’s June 2023 steel imports rose by 5.9% month-on-month and 7.6% year-on-year. Alongside China, the country also […]

Is India the U.S.’s New China?

Is India the U.S.’s New China? dasfsaf

In a recent interview, Gideon Rachman, Chief Foreign Affairs Commentator at the Financial Times, explored the growing relationship between the U.S. and India. The article primarily targets a British audience, but still playfully mock the Brits’ obsession with the “special relationship” between the UK and US. Most people acknowledge that this relationship originated during the […]

Most Indian Steel & Aluminum Imports to Be Excluded From U.S. Tariffs

Most Indian Steel & Aluminum Imports to Be Excluded From U.S. Tariffs indian-flag-on-the-gearwheel-business-industrial-concept-3d-re-2

Indian Prime Minister Narendra Modi recently visited the United States. During his stay, the two nations agreed to resolve six long-standing disputes at the World Trade Organization (WTO). U.S. steel news outlets watched this exchange particularly closely. This is because one of the subjects of debate was India’s imposition of retaliatory tariffs on U.S. products, […]

EU Cross-Border Adjustment Mechanism Deals Blow to India’s Aluminum Industry

EU Cross-Border Adjustment Mechanism Deals Blow to India’s Aluminum Industry 3d-flag-of-india-on-metal

The EU’s implementation of the Cross-Border Adjustment Mechanism (CBAM) poses a significant challenge to India’s aluminum industry and the global price of aluminum. The move stems from the EU’s eagerness to tackle carbon and achieve net-zero emissions by 2050. However, as one of the leading low-cost aluminum producers, India faces a considerable setback due to […]

Is India the New China for Global Steel Production?

Is India the New China for Global Steel Production? xasxsd

COVID-19, poor demand, and several other factors caused a drop in steel production worldwide the past few years. This included China, which is not only the biggest steel producer, but one with a massive impact on steel prices. Indeed, according to a report by the World Steel Association, global crude steel production, including semi-finished products, […]

Tata Steel Trials Injecting Hydrogen Gas into Blast Furnace to Cut Carbon Emissions

Tata Steel Trials Injecting Hydrogen Gas into Blast Furnace to Cut Carbon Emissions hjfhgjkdhg

India’s steel giant, Tata Steel, recently announced it had successful injected hydrogen into one of its blast furnaces. Many tout it as the world’s first such experiment by a steelmaker on so vast a scale. The goal of such a process is to potentially reduce carbon dioxide emissions by replacing up to 20% of the […]

India to Heavily Increase Steel Production

India to Heavily Increase Steel Production production-and-trade-of-metal-products-in-india-concept-3d-ren-3

The latest steel news reports that Indian steel production is expected to increase throughout 2023. The information comes directly from sector experts and the head honchos of steel companies themselves. So, aside from being welcome, it is an opinion with a fair amount of clout behind it. According to research agency ICRA, steel demand in […]

Is India the “Winner” in Russia’s War on Ukraine?

Is India the “Winner” in Russia’s War on Ukraine? india-us-russia-and-china-flags-paint-over-on-chess-king-3d

As the old saying goes, “one man’s crisis is another’s opportunity.” Russia’s invasion of Ukraine and the subsequent sanctions and ruined trade relationships with the U.S. and Europe represents a tremendous crisis. But for the country’s long-term ally, India – and to an extent, China – it represents opportunity. From cheap Russian oil and coking […]

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