亚博体育官网首页

India's Steel Ministry Opposes Import Limits on Key Steelmaking Ingredient
Steel

India's Steel Ministry Opposes Import Limits on Key Steelmaking Ingredient

India's Ministry of Steel has expressed opposition to limiting imports of low ash metallurgical coke, an essential raw material for steel production, according to a source familiar with the matter and a government note reviewed by Reuters. This stance could hinder local producers who have raised concerns about rising imports since 2019/20.

In April, the Directorate General of Trade Remedies (DGTR), under the trade ministry, recommended capping these imports at 2.85 million metric tons for a year, following complaints from local producers. The final decision, however, rests with the commerce ministry, which has yet to comment.

The steel ministry?s resistance to import restrictions is driven by strong domestic demand and issues with the quality of local production. ?The domestic merchant producers of coke are not fully capable of meeting the demand of met coke of the country, particularly on quality grounds,? stated Nagendra Nath Sinha, the ministry?s top civil servant, in a letter to the trade ministry dated May 29.

India, the world's second-largest crude steel producer, has seen its imports of low ash metallurgical coke surge over 61% in the past four years, primarily from China, Indonesia, and Poland. The ministry warned that adopting DGTR?s recommendations could disrupt supply chains, production, and the steel industry?s downstream customers.

A senior executive at a major steel mill, requesting anonymity, highlighted that import restrictions would elevate steel prices and increase costs for coking coal, further burdening smaller steel producers.

India's Ministry of Steel has expressed opposition to limiting imports of low ash metallurgical coke, an essential raw material for steel production, according to a source familiar with the matter and a government note reviewed by Reuters. This stance could hinder local producers who have raised concerns about rising imports since 2019/20. In April, the Directorate General of Trade Remedies (DGTR), under the trade ministry, recommended capping these imports at 2.85 million metric tons for a year, following complaints from local producers. The final decision, however, rests with the commerce ministry, which has yet to comment. The steel ministry?s resistance to import restrictions is driven by strong domestic demand and issues with the quality of local production. ?The domestic merchant producers of coke are not fully capable of meeting the demand of met coke of the country, particularly on quality grounds,? stated Nagendra Nath Sinha, the ministry?s top civil servant, in a letter to the trade ministry dated May 29. India, the world's second-largest crude steel producer, has seen its imports of low ash metallurgical coke surge over 61% in the past four years, primarily from China, Indonesia, and Poland. The ministry warned that adopting DGTR?s recommendations could disrupt supply chains, production, and the steel industry?s downstream customers. A senior executive at a major steel mill, requesting anonymity, highlighted that import restrictions would elevate steel prices and increase costs for coking coal, further burdening smaller steel producers.

Next Story
Resources

RentenPe and Mygate Partner to Transform Rent Payments in India

Through a strategic partnership, RentenPe and Mygate aim to streamline rent payments and promote financial inclusion by enabling rent-based credit scores for Indian renters. RentenPe, India鈥檚 first Rent Credit Score鈩� platform and a pioneer in rental fintech innovation, has entered a significant alliance with Mygate, the leading community management app in the country. This partnership will transform rent transactions for millions of Indian households by embedding RentenPe鈥檚 payment and rent credit scoring technology directly within the Mygate app. With this integration, all ren..

Next Story
Real Estate

Supreme Unveils New Brand Identity to Elevate Lifestyle

Supreme, a respected name in Indian real estate with a four-decade legacy, has announced a complete rebranding. The move includes the launch of a new logo and a revamped website, both reflecting the group鈥檚 refreshed vision to 鈥楨levate Lifestyle鈥�. This brand transformation represents more than a visual refresh鈥攊t marks a strategic shift in the company鈥檚 mission, visual identity and market positioning. The update will be visible across all of Supreme鈥檚 digital, social and offline communication platforms. At the core of the initiative is a renewed focus on purposeful design..

Next Story
Infrastructure Urban

Capri Loans Launches #TarrakiKeHaath Campaign Honouring India鈥檚 Everyday Heroes

Capri Global Capital Ltd (Capri Loans), a leading non-banking financial company, has unveiled its latest brand campaign, #TarrakiKeHaath, a powerful tribute to the everyday hands that build India 鈥� from kirana store owners and taxi drivers to dhaba workers, tailors, and carpenters. Narrated by Capri Loans鈥� long-standing brand ambassador and acclaimed actor Pankaj Tripathi, the campaign celebrates the dignity, resilience, and aspirations of self-employed individuals and small business owners who form the backbone of Bharat鈥檚 economy. Conceptualized by Rediffusion Brand Solutions, the..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement