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Indian steel exports continue to decline

Indian steel exports in January-July 2023 decreased by 28% compared to the same period in 2022 to 5.5 million tons. The main reasons for this fall was the stable demand in the domestic market.

Indian steel exports continue to decline

Exports of flat products in the first seven months of 2023 decreased by 13% to 4.51 million tons. In the same period in 2022, Indian companies shipped 5.19 million tons abroad. Hot-rolled steel showed the worst results, the export of which fell by 26%, from 3.04 million tons to 2.25 million tons.

Exports of billet products decreased by 57% to 630 thousand tons, long products - by 61% to 360 thousand tons.


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