Chhattisgarh to have 50+ New Induction Furnace Setups

India has set a goal to become the world’s 2nd largest steel producer with a target to attain 300 mnt steel capacity by 2025. Meanwhile, lack of demand from infra projects, very competitive offers from primary players and cheaper steel from China

 

Bangladesh Steelmakers Prefer Imported Scrap over Billet

Bangladesh steelmakers are preferring imported scrap over billet due to differential duty structure. Scrap attracts an import duty of BDT 1,500/MT (USD 19/MT). Whereas, billet attracts an import duty of BDT 7,000/MT (USD 90/MT). In the last union budget, Bangladesh government has

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