India is trying to save some export bucks in the new year where specialty steel is concerned. In 2022, India plans to focus on increasing per capita steel consumption enhancing steel raw material security. All the metals intelligence you need in one user-friendly platform with unlimited usage — request a MetalMiner Insights platform demo. India […]
Tag: India
India to become net exporter of steel to China; US stainless steel output forecast to rise 16%
News reports indicate India is set to become a net exporter of steel to China but will be surpassed by Indonesia as the world’s second-largest stainless steel producer. A new report by a financial credit rating company has forecast that going by current trends, India would turn net exporter of steel to China in this […]
This Morning in Metals: European Commission slaps duties on stainless steel products from India, Indonesia
This morning in metals news: the European Commission this week announced anti-dumping duties for stainless steel cold-rolled flat products from India and Indonesia; the Energy Information Administration forecast crude oil prices will decline in 2022; and, lastly, U.S. housing starts declined in October. Stay up to date on MetalMiner with weekly updates – without the […]
India follows China into a coal crisis
You do not have to look too hard to find failures of state-run economies around the world. Since the collapse of the Soviet Union, there is less enchantment with the model — outside China, anyway — than there once was. But what we remain plagued with is the idea government has a role in the […]
Facebook, Indian firm CleanMax reach deal on 32 MW wind power project
Social network Facebook recently announced an agreement with a Mumbai-based clean energy firm CleanMax for a 32 MW wind power project in India’s southern province of Karnataka. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. Facebook to purchase energy […]
Vedanta wants to set up new copper smelter, three years after Tamil Nadu shutdown
The Vedanta copper plant in India remains shut three years after local residents protested against pollution stemming from the plant’s operation. That, however, has not fazed the Vedanta Group. Get social with us. Follow MetalMiner on LinkedIn. Vedanta to set up new copper smelter Vedanta now plans to set up yet another plant in the […]
India proposes to reduce duties on steel, stainless steel products
A budgetary proposal by the Indian government to reduce steel duties has divided the Indian steel sector. India proposes reduction in steel duties In her 2021 budget speech presented in parliament earlier in the week, Finance Minister Nirmala Sitharaman proposed reducing customs duty on imports of semi-flat steel. She proposed cutting the duy for the […]
Indian industry groups put pressure on ministers to ban iron ore exports
A chorus of protests against Indian iron-ore exports — with associations of sponge iron and steel-forgings manufacturers making common cause with the India Steel Association (ISA) — has brought pressure on ministers to ban exports of iron ore. Of those exports, 90% goes to China. The groups are protesting in a bid to support domestic […]
Reliance, BP begin production from deepwater gas field off India’s east coast
The beginning of production at what is now Asia’s deepest offshore natural gas field will increase the share of natural gas India’s energy basket. Become part of the MetalMiner LinkedIn group and stay connected to trends we’re watching and interesting metal facts. India set to strengthen natural gas production A few days ago, Reliance Industries […]
China, India set to compete in crude refining sector
China and India find themselves in some sort of a mini-race in the crude refining business. (As readers of our Annual Outlook know, the oil sector is one of three key macroeconomic pillars we consider in our analysis of commodities markets, in addition to the Chinese economy and the strength of the U.S. dollar). China […]
