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India’s July steel exports at new high, but shipping lags

Indian steel exports continued on an upswing m-o-m, touching a record 2.44 mn t in July, 2020, which is 7.5% higher over 2.27 mn t in June, 2020, according to data maintained by SteelMint.
Overall, from Apr-Jul, 2020,steel exports touched 7.8 mn t against 2.89 mn t in the same first four months of 2019-20, a whopping 169% rise y-o-y. Export volumes were at 5.36 mn t over April-June, 2020. However, interestingly, mills are now delaying their shipments. As per sources, some large private sector

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