11
Aug
16:51
Indian export surge continues, but imports grow again
Indian finished steel exports surged 64% on-year in July to 770,000 tonnes, according to an Indian Joint Plant Committee (JPC) report seen by Kallanish. Domestic apparent consumption grew 3.9% to 8.3 million tonnes.
Much of the new steelmaking capacity added by India over the past 12 months is currently being absorbed by exports, while domestic demand growth has been sluggish. However, hopes are pinned on government spending in the fiscal year through …
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Anonymous
Very good overview of the weekly steel market.
Anonymous