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14th International Exhibition and
Conference on Minerals, Metals, Metallurgy
& Materials
29 - 31 August, 2024, Pragati Maidan, New Delhi, India

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India's steel ministry seeks import tax waiver for coking coal- Sources

India's steel ministry seeks import tax waiver for coking coal- Sources

The proposal to scrap levies ranging from 2.5% to 7.5% in the world's second biggest producer of crude steel comes ahead of the national budget for 2023/24 set to be unveiled in February. The ministry's plan to scrap the tax on limestone, manganese ore, steel scrap, graphite electrodes, chrome ore, and ferro nickel, in addition to coking coal, has been sent to the finance ministry, said the sources, who spoke on condition of anonymity.

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India's April-November finished steel exports plunge 55% y/y – data

India's April-November finished steel exports plunge 55% y/y – data

Finished steel exports slumped 55% to 4.3 million tonnes during April to November period due to a slowdown in global demand and the decision by India to impose an export tax on some steel products. Last month, the government scrapped the export tax but steel makers and industry officials said it would be a challenge for mills to regain their traditional markets, including Europe.

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Essar to invest USD 4 bn in steel plant in Saudi Arabia

Essar to invest USD 4 bn in steel plant in Saudi Arabia

The Essar Group is looking to invest USD 4 billion in setting up an integrated flat steelworks plant in Saudi Arabia in the next three years, a senior company official said. The plant, which will cost Saudi Riyal 15 billion (USD 4 billion), is scheduled to break ground by this year-end and be completed by the end of 2025, said Amar Kapadia, general manager for corporate planning at Essar.

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India's mineral output rises 8 per cent in April

India's mineral output rises 8 per cent in April

"As per the provisional figures of the Indian Bureau of Mines (IBM), production level of important minerals in April includes coal at 665 lakh tonnes, lignite 40 lakh tonnes, natural gas (utilised) 2,748 million cubic metre, petroleum (crude) 25 lakh tonnes and bauxite 2,054 thousand tonnes.

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steel

Tata Steel unveils green investment plan for UK steel tube mill

Tata Steel unveils green investment plan for UK steel tube mill

Tata Steel NSE 2.77 % has unveiled a 7-million pound investment plan for its Hartlepool Tube Mill in north-east England that the Indian steel major says will cut carbon emissions, improve capacity and reduce costs to strengthen its UK business.

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