13
Jul
14:58
Domestic recovery, stronger rupee curb Indian exports: ICRA
Indian steel exports are likely to be kept subdued in the coming months by a recovery in domestic demand that started in June, according to ICRA.
Indian finished steel exports surged 76% on-year in April-May to 1.71 million tonnes, while domestic demand slumped -69% due to the Covid-19 pandemic. Due to a 281% surge in semi-finished steel exports to China to 1.29mt, the country became the top destination for overall Indian steel exports in April-May, with an a…
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Anonymous
Very good overview of the weekly steel market.
Anonymous