Steel is a deregulated sector and the role of the Government is that of a facilitator for creating a conducive environment for the development of steel sector in the country. Policy support by the government to the steel producers
India plans to challenge certain provisions of the European Union?s Carbon Border Adjustment Mechanism (CBAM) due to concerns about its impact on steel exports from India, said steel secretary Nagendra Nath Sinha. The steel ministry has also advised importers to look at India-made steel products to substitute imports. The government has set up 13 task forces to formulate a strategy for green steel production. Steel scrap recycling policy and vehicle scrapping policy of the government of India are steps towards achieving a healthy ecosystem for scrap-based steelmaking in the country.
Bangladeshi steelmakers have started to slow down their bookings of bulk cargoes of ferrous scrap despite continued decreases in offer prices this week, sources told Fastmarkets on Thursday June 23.
/PRNewswire/ A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled.