China accounted for a share of 17% in India’s bulk billet exports in FY20 against being nil in previous fiscal.
India bulk billet exports during FY20 stood at 1,527,752 MT to book 132% Y-o-Y rise, as per data maintained with SteelMint. The same were recorded at 658,339 MT during FY19. During FY18-FY20, India’s bulk billet exports have grown at a CAGR of 36% from 828,130 MT in FY18.
The rise in exports was primarily due to China turning active in importing billets. Chinese domestic billet prices increased due to tight availability first due to pollution control production curbs later, the post lockdown amid COVID-19 outbreak. China, Sri Lanka, Indonesia, Philippines, and Thailand stood the top major importers for Indian bulk billet during FY20.
Vizag Steel remained the largest exporter with a share of 24% followed by SAIL, JSPL, and JSW Steel.
Below table shows the country-wise billet Indian bulk billet exports-
| Country | FY18 | FY19 | FY20 |
| Indonesia | 106,670 | 138,520 | 221,871 |
| Sri Lanka | 113,780 | 110,440 | 225,310 |
| Philippines | 156,280 | 104,000 | 178,390 |
| Italy | 83,950 | 150,516 | 125,865 |
| Thailand | 95,400 | 23,500 | 150,010 |
| China | – | – | 262,084 |
| Malaysia | 34,800 | 31,080 | 146,478 |
| UAE | 71,370 | 43,550 | 71,000 |
| Others | 165,880 | 56,733 | 146,744 |
| Grand Total | 828,130 | 658,339 | 1,527,752 |
Figures in MT
Source: SteelMint Research
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