25
May
16:35
Indian mills fear export duties will hit production
Indian steel export duties are expected to adversely impact domestic crude steel production and capacity expansions. Indian mills planned capacity expansions on the back of strong export opportunities, which now seem to no longer be possible. Mills are now likely to limit production to satisfy domestic steel demand alone, Kallanish notes.
Tata Steel, for example, had planned to double production capacity from 20 million tonnes/year to 40m t/y, mainly on the back o…
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Anonymous
Very good overview of the weekly steel market.
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