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:

1. Indian Steel: Too Much Protection?

We’ll cover:

Why Indian steel is cheaper to produce but still sells at a premiumHow iron ore export duties and import barriers support steelmakersWhat could happen if steel protection is gradually reduced

2. India Finalises CAFE 3 Norms

We’ll cover:

Why Maruti’s proposed small-car concession was droppedHow the new weight-based formula affects Maruti, Mahindra and ToyotaHow 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