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Steel & Metal
- India -

India's Ministry of Steel Revises PLI Scheme for Specialty Steel to Broaden Scope and Simplify Eligibility

India's Ministry of Steel is revising the Production-Linked Incentive (PLI) scheme for specialty steel to broaden its scope and simplify eligibility criteria. The updated scheme aims to encourage new capacity creation by offering fiscal incentives to companies. Discussions with stakeholders have been completed, and the revised PLI scheme is expected to be announced in the coming weeks. Notably, greenfield investments may be included for eligibility, alongside existing brownfield projects. The PLI scheme, launched in 2021 with a budget of $765 million, is anticipated to begin disbursing funds in 2025, with an initial payout of $6 million expected.

Iranian Billet Prices Settle at Around $420

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Malaysia Probes Steel Dumping Allegations from China, South Korea, Vietnam

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NW European Plate Market Remains Inert

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Slovakia Reduced Steel Production by 11.7% Year-on-Year in 2024

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Finland Reduced Steel Production by 3.8% Year-on-Year in 2024

Danieli QSP-DUE Plant Achieves New Milestone with 145-mm-Thick Slab Cast