India: Steel billet exports plunge 60% y-o-y in Jan-Sep’22

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Billet export volumes from India fell sharply by 60% to 1.66 mnt on the year in Jan-Sep’22 as against 4.11 mnt in the year-ago period.
Also, volumes fell by 35% m-o-m in Sep to 76,699 t from 117,513 t in Aug, as per customs data.
Bid-offer disparities in the global market and better domestic realisation weighed on exports, SteelMint understands.

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