UTC+8 ( BJT)

India H1 HRC export drop; near-term pressure may persist

ABSTRACT

Indian HRC and plates exports in Jan-Jun'21 (first half or H1) were down 13% to 3.19 million tonnes (mn t) against 3.67 mn t seen in the same six months of CY'21.
If we consider the quarter of Apr-Jun'21, then exports of the materials were also down 30% to 1.79 mn t against 2. 54 mn t recorded in the same quarter in CY'20. On a m-o-m basis, exports were, however, up more than 20% to 0.71 mn t against 0.59 mn t

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