China exports push Nippon Steel to seek growth in US, India after blocked deal
2 days, 2 hours ago

China exports push Nippon Steel to seek growth in US, India after blocked deal

The Hindu  

Nippon Steel is poised to expand its operations in the U.S. and India as it hunts for growth and protection from cheap Chinese exports after its bid for U.S. Steel was blocked by the White House, analysts say. China, by far the world's largest steel producer, has flooded the market with near-decade high export volumes as its struggling property sector weighs on domestic demand, upending the global steel industry and leading Nippon Steel to invest more in raw materials and in production outside its home market. Nippon Steel, the world's fourth-largest steel producer, has a long-term plan of boosting crude steel production capacity to over 100 million metric tons a year from about 65 million tons at present and lifting profits toward 1 trillion yen a year from a 780 billion yen target in the financial year ending in March. "To be a 'truly' global steel producer, greater production capacity above current state is likely required," said Wood Mackenzie's Lundin. To narrow the gap, the joint venture, India's fourth-largest steelmaker, plans to increase steel production capacity to 15 million tons per year by the end of 2026 from 9 million tons annually now.

Global India China Japan Market Production Demand Million Capacity Tons Domestic Demand Nippon Steel Hashimoto Wood Mackenzie Domestic Steel Push Nippon  seek  india  exports  tons  market  million  domestic  steel  capacity  production  china  deal  demand  blocked  push  nippon  global  growth

History of this topic

Nippon Steel stands firm on a U.S. Steel takeover and denies risks cited by Biden
2 days, 2 hours ago

Nippon Steel stands firm on a U.S. Steel takeover and denies risks cited by Biden

The Hindu  

Nippon Steel was standing firm on its proposed $15 billion acquisition of U.S. Steel, Chief Executive Eiji Hashimoto said Tuesday after President Joe Biden’s blocked the top Japanese steelmaker’s move. Nippon Steel Corp. and U.S. Steel filed federal lawsuits Monday challenging the Biden administration’s decision as ignoring “the rule of law.” In separate lawsuits in the U.S. Court of Appeals …

Nippon Steel stands firm on a US Steel takeover and denies risks cited by Biden
Top News
2 days, 10 hours ago

Nippon Steel stands firm on a US Steel takeover and denies risks cited by Biden

Associated Press  

TOKYO — Nippon Steel was standing firm on its proposed $15 billion acquisition of U.S. Steel, Chief Executive Eiji Hashimoto said Tuesday after President Joe Biden’s blocked the top Japanese steelmaker’s move. Nippon Steel Corp. and U.S. Steel filed federal lawsuits Monday challenging the Biden administration’s decision as ignoring “the rule of law.” In separate lawsuits in the U.S. Court …

U.S. Steel sues to salvage its sale to Japan's Nippon Steel
Top News
3 days, 12 hours ago

U.S. Steel sues to salvage its sale to Japan's Nippon Steel

NPR  

U.S. Steel sues to salvage its sale to Japan's Nippon Steel toggle caption Rebecca Droke/AFP U.S. Steel and its would-be Japanese suitor Nippon Steel have gone to court to defend their $15 billion merger, after President Biden on Friday moved to block the deal, citing national security concerns. In prohibiting the sale last week, Biden said foreign ownership of U.S. …

Biden blocks $14 billion acquisition of US Steel by Japan’s Nippon Steel
5 days, 22 hours ago

Biden blocks $14 billion acquisition of US Steel by Japan’s Nippon Steel

Associated Press  

WASHINGTON — President Joe Biden has blocked the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel — affirming his earlier vow on the presidential campaign trail to prevent the acquisition of Steeltown USA’s most storied steel company. In their statement, the two steel companies said it’s “shocking — and deeply troubling” that the …

Global steel sector struggling to generate profits, demand increasing in India: Tata Steel CEO
1 week ago

Global steel sector struggling to generate profits, demand increasing in India: Tata Steel CEO

Live Mint  

Jamshedpur, Jan 1 Tata Steel CEO and managing director TV Narendran on Wednesday said while the global steel sector is struggling to generate profits due to factors such as China’s aggressive pricing, the demand for the metal and its consumption in India is growing. Addressing a gathering at a New Year cake-cutting event here, Narendran said 2023 and 2024 have …

Biden will decide on U.S. Steel acquisition after influential panel fails to reach consensus
2 weeks, 1 day ago

Biden will decide on U.S. Steel acquisition after influential panel fails to reach consensus

LA Times  

Coal is loaded onto a barge in September near a U.S. Steel facility in Clairton, Pa. A powerful government panel on Monday failed to reach consensus on the possible national security risks of a nearly $15 billion proposed deal for Nippon Steel of Japan to purchase U.S. Steel, leaving the decision to President Biden, who opposes the deal. Biden, backed …

Biden Will Decide On U.S. Steel Acquisition After Influential Panel Fails To Reach Consensus
2 weeks, 1 day ago

Biden Will Decide On U.S. Steel Acquisition After Influential Panel Fails To Reach Consensus

Huff Post  

FILE - The United States Steel logo is pictured outside the headquarters building in downtown Pittsburgh, April 26, 2010. via Associated Press WASHINGTON — A powerful government panel on Monday failed to reach consensus on the possible national security risks of a nearly $15 billion proposed deal for Nippon Steel of Japan to purchase U.S. Steel, leaving the decision to …

Biden will decide on US Steel acquisition after influential panel fails to reach consensus
2 weeks, 2 days ago

Biden will decide on US Steel acquisition after influential panel fails to reach consensus

Associated Press  

WASHINGTON — A powerful government panel on Monday failed to reach consensus on the possible national security risks of a nearly $15 billion proposed deal for Nippon Steel of Japan to purchase U.S. Steel, leaving a decision to President Joe Biden, a longtime opponent of the deal. Biden, backed by the United Steelworkers, said earlier this year that it was …

Biden to decide fate of Nippon Steel's $15B bid for U.S. Steel
2 weeks, 2 days ago

Biden to decide fate of Nippon Steel's $15B bid for U.S. Steel

Salon  

Nippon Steel’s $15 billion bid to buy U.S. Steel has been referred to President Joe Biden after a government panel could not decide whether it should go forward. The panel has said allowing the Japanese to take over Pittsburgh-based U.S. Steel could result in lower domestic steel production, representing “a national security risk," according to the Washington Post. Nippon Steel …

Nippon-US steel executives are running out of time to save $14 billion deal
3 weeks ago

Nippon-US steel executives are running out of time to save $14 billion deal

Live Mint  

GARY, Ind.—In a meeting room facing U.S. Steel’s century-old plant, Takahiro Mori offered his vision for the plant’s next chapter under a new owner. If the deal collapses, U.S. Steel Chief Executive Dave Burritt has warned that the company can’t match Nippon Steel’s planned investments, and would likely close plants and move its headquarters out of Pittsburgh. ‘A good deal’ …

Japan’s Nippon Steel sets sights on a growing overseas market in its bid to acquire US Steel
1 month ago

Japan’s Nippon Steel sets sights on a growing overseas market in its bid to acquire US Steel

Associated Press  

KASHIMA, Japan — The signs at Nippon Steel read: “The world through steel,” underlining why Japan’s top steelmaker is pursuing its $15 billion bid to acquire U.S. Steel. Nippon Steel officials didn’t disclose details of the fine technology they said the planned acquisition would offer U.S. Steel. William W. Grimes, professor of international relations and political science at Boston University, …

Japan's Nippon Steel sets sights on a growing overseas market in its bid to acquire US Steel
1 month ago

Japan's Nippon Steel sets sights on a growing overseas market in its bid to acquire US Steel

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The signs at Nippon Steel …

India’s steel industry to grow at 8%; capacity to rise by 20 million tons by FY2027: report
1 month, 2 weeks ago

India’s steel industry to grow at 8%; capacity to rise by 20 million tons by FY2027: report

Live Mint  

New Delhi, November 20 : The annual capacity of India's steel industry will increase by 20 million tons between the financial year 2025-27, says Acuite Ratings & Research in its recent report. The report gives a positive outlook for the Indian steel industry in the medium to long term.Driven by strong growth in the automotive, real estate, and infrastructure sectors, …

JSW Steel and Korean steel-maker eye $7.7 billion investment in Odisha steel plant: Report
2 months ago

JSW Steel and Korean steel-maker eye $7.7 billion investment in Odisha steel plant: Report

Live Mint  

NEW DELHI - India's JSW Steel and South Korea's POSCO plan to invest 650 billion rupees in their proposed plant in India in the coming years, sources said, part of efforts to capitalise on rising steel demand in the world's fastest-growing major economy. Last week, JSW Steel and POSCO signed an agreement to set up an integrated steel plant with …

How India can fix the Chinese imports problem
3 months, 1 week ago

How India can fix the Chinese imports problem

Live Mint  

India last month extended countervailing duties of 12-30% on certain steel imports from China and Vietnam, following requests from local producers to safeguard against cheaper imports. Read this | Mint Primer | China’s stimulus: What it spells for India & the world A growing economy like India’s naturally requires more imports to meet rising consumption and manufacturing demand, with cost …

From rival to reluctant partner: India’s evolving stance on Chinese investment
3 months, 4 weeks ago

From rival to reluctant partner: India’s evolving stance on Chinese investment

The Hindu  

India's push to become a factory titan has hit a snag: to become a credible alternative to China for global firms, it first needs to warm up to its long-time rival. "There is a realisation that you cannot be part of any major supply chains, especially in high technology products and certain areas like solar cells, EVs, where it is …

Biden's nixing of steel deal reveals little trust in ally
4 months ago

Biden's nixing of steel deal reveals little trust in ally

China Daily  

US President Joe Biden at the White House in Washington, US, May 15, 2024. US President Joe Biden is reportedly prepared to block Japan's Nippon Steel's proposed acquisition of US Steel. Biden raised "national security" concerns over the deal several months ago saying it is "vital for it to remain an American steel company that is domestically owned and operated". …

Biden's nixing of steel deal reveals little trust in ally
4 months ago

Biden's nixing of steel deal reveals little trust in ally

China Daily  

US President Joe Biden at the White House in Washington, US, May 15, 2024. US President Joe Biden is reportedly prepared to block Japan's Nippon Steel's proposed acquisition of US Steel. Biden raised "national security" concerns over the deal several months ago saying it is "vital for it to remain an American steel company that is domestically owned and operated". …

In a rare move of intervention, the sale of U.S. Steel may be blocked by the president
4 months ago

In a rare move of intervention, the sale of U.S. Steel may be blocked by the president

NPR  

In a rare move of intervention, the sale of U.S. Steel may be blocked by the president Biden, Harris and former President Trump all oppose Nippon Steel's $14 billion purchase of U.S. Steel. MARY LOUISE KELLY, HOST: President Biden reportedly plans to block the sale of U.S. Steel to a Japanese steelmaker. Ever since Japan's Nippon Steel company announced back …

India lucrative for steelmakers because of higher infra spending, economic growth
6 months, 2 weeks ago

India lucrative for steelmakers because of higher infra spending, economic growth

Hindustan Times  

Despite a slowdown in exports and increasing Chinese steel output impacting India's share in the markets, steel makers in the country are optimistic about the domestic demand. The case with steel exports Indian exports have been affected by a variety of reasons in the recent past including low production due to scheduled maintenance shutdowns, preference for the domestic market over …

Cheaper Chinese steel pulls down Indian exports
7 months, 2 weeks ago

Cheaper Chinese steel pulls down Indian exports

Deccan Chronicle  

Chennai: Apart from the Red Sea crisis, increasing shipments of cheaper Chinese steel hit exports from India in April. After experiencing steady growth in the last four months, India’s engineering exports declined in April by 3.2 per cent primarily due to lower shipments of metals, especially iron and steel, and copper. A substantial 36.41 per cent decline in exports of …

US steels itself to be more protectionist: China Daily editorial
9 months, 1 week ago

US steels itself to be more protectionist: China Daily editorial

China Daily  

The logo of Nippon Steel Corp. is seen at an office building where the company's head office in Tokyo on Dec 19, 2023. If there is anyone out there who is still doubtful about which country poses the biggest threat to economic globalization by chipping away at the free market, the proposed merger between Japan's Nippon Steel and US Steel …

After 3 years, Steel demand to grow in single digits in 2024-25
10 months ago

After 3 years, Steel demand to grow in single digits in 2024-25

The Hindu  

With imports from China and Vietnam rising since last October, India is likely to be a net finished steel importer in 2023-24 after a gap of five years, and is likely to remain so in the coming year as well unless the external demand environment improves meaningfully, rating agency ICRA has said. Moreover, domestic steel consumption growth is expected to …

Nippon Steel and the Art of Investing in America Again
10 months, 2 weeks ago

Nippon Steel and the Art of Investing in America Again

The Diplomat  

The U.S. presidential elections are still many months away, but the political winds are impacting policy positions across the board in Washington. The share price of U.S. Steel surged nearly 26 percent following the Japanese company’s announcement in December 2023 that it would purchase the iconic U.S. manufacturer. Not only did Nippon Steel state that it would not change the …

JSW to invest ₹65,000 cr for new steel plant in Odisha
10 months, 3 weeks ago

JSW to invest ₹65,000 cr for new steel plant in Odisha

Live Mint  

JSW Steel Ltd, India’s largest steelmaker by capacity, will invest ₹65,000 crore to set up one of its biggest manufacturing plants, in Odisha, adding to the country’s efforts to boost production of the alloy. JSW Steel, part of the $23-billion JSW Group, is establishing a greenfield complex in the industrial city of Paradip that will include a steel plant with …

Indian steel exports at high risk from Europe's new carbon tax: Goldman Sachs
10 months, 3 weeks ago

Indian steel exports at high risk from Europe's new carbon tax: Goldman Sachs

Hindustan Times  

Steel producers in India are most at risk from Europe’s new carbon tax on imports due to their high sales to the region and mills’ elevated emissions intensity, according to Goldman Sachs Group Inc. Steel is traditionally among the most polluting industries. Europe’s Carbon Border Adjustment Mechanism aims to subject imported goods such as steel to a levy to ensure …

JSW Steel crude steel production rises 12 per cent YoY in Q3
1 year ago

JSW Steel crude steel production rises 12 per cent YoY in Q3

India TV News  

JSW Steel recorded a 12 per cent year-on-year surge in its crude steel production for the third quarter of FY24. JSW Steel observed a 9 per cent year-on-year increase in crude steel production at its Indian operations, reaching 6.63 million tonnes. Meanwhile, its USA-Ohio operations exhibited significant growth, recording a 191 per cent surge in crude steel production year-on-year, totaling …

India's April-Nov steel imports from China at five-year high
1 year ago

India's April-Nov steel imports from China at five-year high

Firstpost  

China was the top exporter of finished steel to India between April and November, shipping 1.3 million metric tons of the alloy, up 48.2% from the same period a year earlier. China emerged as the leading exporter of finished steel to India from April to November, sending 1.3 million metric tons of the alloy, marking a 48.2% increase compared to …

How India, not China, is leading the revival in global steel
1 year ago

How India, not China, is leading the revival in global steel

Live Mint  

After a slump in 2022, the global steel industry is set to close 2023 with marginal growth. After making a smart recovery from the pandemic in 2021 when production grew 3.6% at 1,912 million tonnes, the global steel industry slumped by 4.3% at 1,831.5 mt last year. The reasons for the decline last year were a fragile world economy grappling …

India's steel import to be elevated at 6MT in FY24 on strong demand: Crisil
1 year ago

India's steel import to be elevated at 6MT in FY24 on strong demand: Crisil

The Hindu  

India imported 4.26 MT finished steel in April- November 2023 and the import may touch 6 MT mark in the current fiscal mainly on account of strong domestic demand, according to a report by Crisil. "Strong domestic demand, supported by government spending on infrastructure, building and construction segments, is expected to keep India's steel imports elevated around the 6 MT …

Storied US Steel to be acquired for more than $14 billion by Nippon Steel
1 year ago

Storied US Steel to be acquired for more than $14 billion by Nippon Steel

Associated Press  

U.S. Steel, the Pittsburgh steel producer that played a key role in the nation’s industrialization, is being acquired by Nippon Steel in an all-cash deal valued at approximately $14.1 billion. “This is going to increase competition here in the United States with a great ally to the United States,” answered U.S. Steel CEO David Burritt. U.S. Steel CEO David Burritt …

Centre monitoring steel import situation as China shipments touch 5-yr high
1 year, 4 months ago

Centre monitoring steel import situation as China shipments touch 5-yr high

Business Standard  

India is monitoring steel imports after shipments from China touched a five-year high in the first four months of the fiscal year that began in April, the country's steel secretary told Reuters on Monday. During April-July, China was the second-biggest steel exporter to India, after South Korea, selling 0.6 million metric tons, up 62% from the same period a year …

Top 5 steel companies in India by growth
1 year, 4 months ago

Top 5 steel companies in India by growth

Live Mint  

Steel is one commodity that has held a top position among metals for a long time. In the last five years, the contribution of finished steel products to the revenue mix has gone up significantly. View Full Image EM Going forward, the company's expansion plans, and the government's infrastructure push are expected to drive revenue and profit growth. View Full …

Indian companies suffer as Chinese steel floods market
1 year, 6 months ago

Indian companies suffer as Chinese steel floods market

Live Mint  

NEW DELHI : Cheaper stainless steel imports from China have flooded the Indian market, leading to small and medium enterprises operating at just 30% of their capacity because of weak demand for local products. Small and medium enterprises producing 200 series stainless steel flat products were operating at less than a third of their 1.5 million tonne capacity as of …

India to contest EU carbon levy, says steel secretary
1 year, 7 months ago

India to contest EU carbon levy, says steel secretary

Live Mint  

India plans to challenge certain provisions of the European Union’s Carbon Border Adjustment Mechanism as the government is concerned about its impact on steel exports from India, steel secretary Nagendra Nath Sinha said. With the rapid growth of steel imports from Japan, Korea, China and Russia, will the government look at restoring import duty on steel products to levels that …

JSW Group In Talks To Acquire 15-20 Per Cent Stake In MG Motor: Report
1 year, 8 months ago

JSW Group In Talks To Acquire 15-20 Per Cent Stake In MG Motor: Report

ABP News  

JSW Group could buy stake in MG Motor India, owned by China’s largest car company, Shanghai Automotive, according to a report by Businessline. The report stated that the two firms are in talks which could lead to JSW Group acquiring 15 to 20 per cent stake in MG Motor for anywhere between Rs 2,000 crore and Rs 3,000 crore. JSW …

Tata Steel, SAIL, JSW Steel, JSPL: Top metal stocks to buy or hold
1 year, 10 months ago

Tata Steel, SAIL, JSW Steel, JSPL: Top metal stocks to buy or hold

Live Mint  

Domestic steel demand is expected to maintain a growth of 6%-7% with higher outlay on infrastructure and impetus by the government, as per brokerage and research firm Antique Stock Broking which believes that Indian steel exports might see uptick, to fill the demand gap created by disruptions effected by earthquake in Turkey. The brokerage house has maintained its BUY rating …

Thyssenkrupp in talks to boost steel output capacity in India
1 year, 10 months ago

Thyssenkrupp in talks to boost steel output capacity in India

Live Mint  

Thyssenkrupp, the German engineering giant with interests in high-grade electrical steel manufacturing in India, is in talks with the Indian government to explore possibilities for expanding its production capacity, a top company executive said. The fact is that the necessity for the Indian market is absolutely there,” said Georgios Giovanakis, chief executive of Thyssenkrupp Electrical Steel GmbH, said in an …

Removal of Export Duty Will Lead to New Era of Growth for Steel Industry: Scindia
2 years, 1 month ago

Removal of Export Duty Will Lead to New Era of Growth for Steel Industry: Scindia

News 18  

Removal of export duty on steel products will lead to a new era of growth for the domestic steel industry which has gained footprint internationally, Union minister Jyotiraditya Scindia said on Monday. It has taken years for the domestic steel industry to gain footprint in the international markets, the steel minister said at the 3rd Indian Steel Association conference in …

Steel makers see fall in prices; opportunities emerge in export markets
2 years, 3 months ago

Steel makers see fall in prices; opportunities emerge in export markets

Live Mint  

Operating conditions for steel manufacturers have deteriorated with a further fall in steel prices and rising coking coal prices. Domestic hot-rolled coil prices fell by Rs700 per tonne week-on-week to Rs55,200 per tonne, said a report by Nomura Financial Advisory and Securities dated 12 September quoting SteelMint. “Our channel checks indicate that dealers are adopting a cautiously optimistic approach towards …

India to become world's number one producer of steel: Jyotiraditya Scindia
2 years, 4 months ago

India to become world's number one producer of steel: Jyotiraditya Scindia

Firstpost  

India is the world’s second largest producer of crude steel after China New Delhi: Union Minister Jyotiraditya M Scindia on Tuesday exuded confidence that India will become the number one producer of steel in the world in the days to come. India is the world’s second largest producer of crude steel after China. He said India’s per capita consumption of …

Steel Stocks: Tata Steel Down 14%, JSW Hits Lower Circuit; What Are They Falling Today?
2 years, 7 months ago

Steel Stocks: Tata Steel Down 14%, JSW Hits Lower Circuit; What Are They Falling Today?

News 18  

Though the market started on a strong footing despite mixed cues from Asian markets, metal stocks were under tremendous pressure on Monday. Shares of steel companies fell up to 14 per cent on the BSE in Monday’s trade, after the government levied export duty on 11 iron and steel intermediates and key steel products. Top Metal Names Bleed Top metal …

Indian steelmakers face hit on Europe deals over export tax: JSPL
2 years, 7 months ago

Indian steelmakers face hit on Europe deals over export tax: JSPL

Live Mint  

Indian steel firms could be forced to cancel European orders and suffer losses after an overnight decision to impose export taxes on steel products, V R Sharma, managing director at Jindal Steel and Power told Reuters. India imposed an export tax of 15% on eight steel products late on Saturday, at a time steelmakers are looking to make up for …

India’s zinc-trade deficit with Korea tells why we need industry input on deals
2 years, 9 months ago

India’s zinc-trade deficit with Korea tells why we need industry input on deals

Live Mint  

India aspires to be third largest economy in the world by the year 2047 and there is a strong push by the government to make India “atma-nirbhar" or self-reliant and play a bigger role in the global economy. Yet, the example of past trade agreements show that imports of certain raw materials and intermediate goods rose significantly after India signed …

ArcelorMittal Nippon Steel to invest ₹1.02 lakh cr. in Odisha
3 years ago

ArcelorMittal Nippon Steel to invest ₹1.02 lakh cr. in Odisha

The Hindu  

The Odisha government on Friday approved ArcelorMittal Nippon Steel’s proposal to set up a 24 million tonne per annum integrated steel plant in Mahakalpara block of Kendrapara district at an estimated investment of ₹1.02 lakh crore. Touted to be the largest project in the country’s manufacturing sector, the proposed facility of AM/NS, would produce various grades of steel with its …

Tata Steel to invest ₹3,000 crore in Jharkhand in next 3 years to expand capacities
3 years, 4 months ago

Tata Steel to invest ₹3,000 crore in Jharkhand in next 3 years to expand capacities

The Hindu  

Domestic steel giant Tata Steel on Saturday expressed commitment to invest ₹3,000 crore in Jharkhand in the next three years to augment capacities. "Tata Steel plans to invest ₹3,000 crore in the next three years in Jharkhand with expansion of capacities of coal and iron ore mines and downstream value added steel portfolio," Chanakya Choudhary, vice president - Corporate Services, …

India's steel consumption set to break records as Covid-hit economy revives
3 years, 5 months ago

India's steel consumption set to break records as Covid-hit economy revives

Hindustan Times  

India’s steel consumption is set to break records this year, reversing the performance in 2020 when demand crashed as the pandemic upended economic activity. Demand for steel is expected to surge 17% to 110 million tons in the year started April. Demand for steel is expected to surge 17% to 110 million tons in the year started April, according to …

How Tata Steel is making the most of the metals surge
3 years, 8 months ago

How Tata Steel is making the most of the metals surge

Live Mint  

Tata Steel Ltd has been making the most of the increase in demand for the base metal after the pandemic. Thanks to higher realizations and a better handle on costs, Tata Steel reported a sharp jump of 132% year-on-year in operating profit to ₹26,235 per tonne. View Full Image Satish Kumar/Mint However, Tata Steel Europe’s profitability was a tad lower …

Steep steel prices hurt several sectors as China gorges on ore
3 years, 11 months ago

Steep steel prices hurt several sectors as China gorges on ore

The Hindu  

With several automakers recently announcing price increases to offset input costs, steel prices have come under the spotlight. Market intelligence firm SteelMint said on Friday that Indian iron ore exports had doubled to 40.7 million tonnes in 2020, from the previous year’s 19.1 mt. The ISA wrote to the Prime Minister’s Office last month flagged a dip in domestic iron …

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