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Indonesia’s steel consumption is around 17 mt.
India is the world's second-largest crude steel producer, had become a net importer in 2023/24.
India’s steel exports rose to 440 million lakh tonnes in October.
Trump has said to block the deal, which is worth $14.9 billion including debts.
Baosteel made a net profit of $188 million, down from 3.8 billion yuan in the year-ago period.
The company has not yet disclosed its plans for appointing a new CFO.
India imports approximately 400,000 tonnes of non- BIS compliant steel annually.
The report highlights that as India aims to scale its steel production capacity.
Phase I will boost production through brownfield development with the current facility.
The companies will contribute nearly 87% of the ongoing capacity expansion.
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