9,321.64 TRY BIST 100 BIST 100
38.20 USD USD USD
5.25 CNY CNY CNY
43.91 EUR EUR EUR
0.12 CNY CNY/EUR CNY/EUR
45.84 TRY Interest Interest
66.96 USD Fossil Oil Fossil Oil
40.44 USD Silver Silver
4.76 USD Copper Copper
99.35 USD Iron Ore Iron Ore
352.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,286.58 TRY Gold (gr) Gold (gr)

India's Steel Ministry opposes import restrictions

Citing strong domestic demand and concerns over the quality of locally produced coke, India's Steel Ministry has opposed the idea of imposing limits on imports of low-ash metallurgical coke, a key component in steel production.

India's Steel Ministry opposes import restrictions

Citing strong domestic demand and concerns over the quality of locally produced coke, the Indian Steel Ministry has opposed the idea of imposing a cap on imports of low-ash metallurgical coke, a key component in steel production. This position comes despite complaints from domestic producers about increased imports since the 2019/20 fiscal year.

In April, India's Directorate General for Trade Remedies (DGTR) recommended capping imports at 2.85 million metric tons for the year. The final decision, however, rests with the Commerce Ministry, which has yet to comment on the issue.

Major suppliers of metallurgical coke to India include China, Indonesia, and Poland. Over the last four years, India's imports of low-ash metallurgical coke have increased by more than 61%. The Steel Ministry argues that domestic producers are unable to fully meet demand, especially in terms of quality.

An authorized source warned that restricting imports could disrupt supply chains and increase costs, adversely affecting small steel mills.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Italy's steel production increased by 6% in March

Thursday, April 17, 2025

Ferrexpo's record post-war production

Friday, April 18, 2025

Tosyalı to invest TRY 378 Million in solar power plant in Ankara

Tuesday, April 15, 2025

AGPC reinforced its strength with 500 thousand tons of steel pipe production

Monday, April 21, 2025

AM/NS India prepares for Green Steel Taxonomy

Monday, April 21, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now