UTC+8 ( BJT)

India's steel exports may breach 2 mn t in May & June

ABSTRACT

India’s steel exports are expected to cross 2 million tonnes (mn t) in May’21 and again breach this figure in June’21, as per SteelMint’s expectations. Export levels in Apr’21 were at 1.6 mn t.
Factors pushing up exports The estimated over-2 mn t of exports in each month of May and June, cumulatively adding over 4 mn t to the July figures, is backed by a few factors. One is the lockdowns implemented across states, which has dented domestic demand, especially in the retail segment,

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