UTC+8 ( BJT)

India’s steel exports to stay robust in 2nd quarter

India’s steel exports are on an upswing and, by the look of it, this trend is going to continue into the second quarter (July-September) as well. Provisional data compiled by SteelMint Research shows that the country’s exports of finished flats, finished longs and semi-finished items like billets were up a whopping 105.4% year-on-year (y-o-y) in the April-June, 2020 quarter at 4.3 million tonnes (MnT) against 2.09 MnT in the same quarter in 2019. On a quarter-on-quarter (q-o-q) basis too, exports are up 56.93% in April-June, 2020 against 2.74 MnT notched up in January-March, 2020.
Data reveals that the 2.74 MnT of exports in January-March, 2020 are down -26.93% q-o-q against 3.75 MnT recorded in October-December, 2019 and down -4.53% y-o-y compared to 2.87 MnT recorded in January-March, 2019. Exports rose in October-December, 2019 on account of high inventory levels held by the steel mills in

............

To read the full article take a free 7-day trial to Mysteel Global

FREE TRIAL
+65 6653 8227