India’s steel exports in the first 10 months of CY22 (January-October) fell by over 40% y-o-y to around 9.3 million tonnes (mnt) from over 16 mnt in the corresponding period last year, as per SteelMint data. Although market sentiments have received a boost after the government’s withdrawal of the 15% export duty on finished steel, export volumes in the remainder of this calendar year may not rise significantly.
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