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Data● Neutral for Indian equities
EU steel exports hit by high energy costs, tariffs and China oversupply
The brief
- EU steel exports have fallen by a fifth amid high energy costs, tariffs and Chinese oversupply
- Steel production is at historic lows
- EU steel weakness may affect Indian steel exporters and metal producers through trade and pricing
- New steel policy to target 600 MT capacity, 500 MT consumption: Steel secy
- India targets 600 million tonnes of steel capacity by 2047 in new policy
- A-One Steels IPO Day 3: GMP at 14%, issue subscribed 1.35 times; key details
- AC prices set to rise 5-8% from Oct 1, hikes also loom for LED TV, washing machine, refrigerator
- Steel Authority of India and Bharat Coking Coal signs MoU