India: Steel billet exports fall 40%, m-o-m, in Jul’22

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India’s steel billet exports fell by 40% m-o-m in Jul’22 to 0.14 mnt from 0.24 mnt in Jun’22, as per customs data.
Bid-offer disparities in the global market and better domestic realisations weighed on exports, SteelMint understands.
Export volumes fell sharply by 50% to 1.76 mnt on the year in Jan-Jul’22 as against 3.53 mnt in the year-ago period.

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