21
Jun
08:55
Indian steel exports to drop this fiscal: Crisil
Indian steel exports are expected to drop 35-40% on-year to 10-12 million tonnes in the fiscal year ending 31 March 2023 (FY23), following the imposition of export duties, says Crisil Ratings.
The Russian invasion of Ukraine and CIS supply absence in major steel markets towards the tail-end of FY22 helped India to export around 18.3mt of finished steel that year, Kallanish notes. Coupled with surging steel prices earlier in the year, this also helped Indian mills …
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Anonymous
Very good overview of the weekly steel market.
Anonymous