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Does Indian steel really need so much protection?
In today's episode of The Daily Brief, we cover a deep dive and another story for the day shaping Indian and global markets:
- Indian Steel: Too Much Protection?
We’ll cover:
- Why Indian steel is cheaper to produce but still sells at a premium
- How iron ore export duties and import barriers support steelmakers
- What could happen if steel protection is gradually reduced
- India Finalises CAFE 3 Norms
We’ll cover:
- Why Maruti’s proposed small-car concession was dropped
- How the new weight-based formula affects Maruti, Mahindra and Toyota
- How EVs, hybrids, CNG and compliance credits can help carmakers meet targets
Audio Timestamps
00:04 Intro
00:30 The cost of protecting steel
13:06 CAFE 3: The new rules
20:16 Tidbits
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