
India’s Steel Industry Battles Cheap Imports
Cheap steel from China, Vietnam, and others have flooded the domestic market for months, putting Indian steel companies at a disadvantage

Cheap steel from China, Vietnam, and others have flooded the domestic market for months, putting Indian steel companies at a disadvantage

India’s growing coal consumption is due to a surge in electricity demand and even a rise in coal production is unable fill domestic demand

Benchmark PLV prices have been recently consolidating above $300/mt. Cyclone Jasper caused a price spike to $335 early in its development

The Indian steel market, in 2023, was marked by strong domestic demand while exports remained subdued and Imports were a major worry

Australian metallurgical coal prices dropped this week due to an influx of offers from traders and selling activity from end-users

Coal India capex rises 7.6% on year so far in the eight months of the ongoing financial year

December coal mining in China has remained resilient despite safety checks and winter weather, as per China Railway Corp’s data

India is the second largest importer of coal during 2023 as global coal trade has really picked up pace in recent months

India’s domestic coal production is growing to reduce dependence on imported coal and meet growing demand.

India’ is boosting its domestic coal production to reduce reliance on imports and satisfy increasing demand

Prices remained stable amid buyers’ resistance over current price levels and tepid demand from major consumers due to healthy stocks at ports.

India has not endorsed a pledge at COP28 summit to triple renewable energy, as doing so would have meant phasing down coal.