Indian steel exports hit an all-time high of more than 20.50 million tonnes (mnt) in financial year 2021-22 (FY22) against over 19 mnt seen in FY21, up 7% y-o-y.In this volume the share of flats was the highest at 13 mnt, up 23% y-o-y. Overall, volumes were mainly propped up by exports of downstream products like hot rolled coils and plates, galvanized pipes and tubes and cold rolled coils. Finished longs’ overseas sales rose a sharp 86% to 2.43 mnt in the year under review. However, semis (billets) dropped 30% in this period to 5.05 mnt (7.25 mnt).
Leave a Reply