India: Finished steel exports jump 25%, y-o-y, in FY’22

India’s finished steel exports stood at 13.494 mnt in FY’22, up 25% compared with 10.784 mnt in FY’21. Exports stood at 1.195 mnt in Mar’22, up 3% m-o-m. Meanwhile, outbound shipments dropped by 8%, y-o-y, as against 1.292 mnt in Mar’21. The rise in export volumes was largely driven by the removal of export rebates by the Chinese government in mid-May’21 and improved demand from both traditional and emerging markets.