 "India's finished steel imports reached 5.768 million tonnes (MT) during April-October 2024, registering a 42.1 per cent year on year (Y-o-Y) growth over the same period last year.")
Tata Steel and ArcelorMittal Nippon Steel India (AM/NS), two of the country’s largest steel firms, have urged the government to ramp up funding and policy support for the transition to green steel, while also pushing for measures to cut high input costs.
Speaking at an industry event here on Monday, Dilip Oommen, chief executive officer (CEO), AM/NS India, said the government must take steps to decrease the costs of inputs in steel production.
“Steel input prices, including iron ore, electricity duty, and import duty on liquefied natural gas (LNG), have to come down,” he said. Oommen added that lower costs would
