8,093.54 TL BIST 100 BIST 100
28.91 $ USD USD
€31.78 EUR EUR
40.73 TL Interest Interest
81.74 $ Fossil Oil Fossil Oil
24.96 $ Silver Silver
3.84 $ Copper Copper
128.44 $ Iron Ore Iron Ore
375.00 $ Ship Dismantling Ship Dismantling
1,902.73 TL Gold (gr) Gold (gr)

India's steel production will continue to increase

India's steel production increased by 5% in the January-June 2023 period, officials expect this increase to continue.

India's steel production will continue to increase

India had recorded 5% annual growth in January-June 2023 and produced 66.14 MT of crude steel. According to officials, this upward trend will continue in the second half of 2023.

In addition, domestic steel consumption in India rose 11 percent year on year to 58 mt in the first half of 2023, up from 52.7 mt in the same period of 2022.

During the said period, steel exports lost 30% of their value due to the increase in China's steel shipments.

India's steel exports amounted to 6.70 mt in the first half of 2022, falling to 4.74 mt in the first half of 2023. Market analysts interpreted the reason for the decline in exports as cheaper supplies from China and decreased demand in the markets.


No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Stocks at major South Korean steel mills rise

Wednesday, November 29, 2023

Türkiye's wire rod imports fell sharply

Wednesday, November 29, 2023

TUIK announced! Foreign trade deficit decreased by 17.5%

Wednesday, November 29, 2023

Türkiye's iron and steel sector is recovering in Europe after Africa

Wednesday, November 29, 2023

ITA evaluated the global market at the Global Steel Summit

Wednesday, November 29, 2023
Follow List
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.

There are no news categories you follow
Edit Notification Preferences

Global Iron and Steel Exchanges

Iron and Steel Indices, Price and News

E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now