Indian finished steel exports rise by 29%, imports plunge in FY ’21

India’s finished steel import and export figures during FY ’21, as per the JPC report, are as follows:

Exports

• Finished steel exports rose to 10.7 mn t against 8.3 mn t in FY ’20.
• Downstream demand remained slow in Q1 FY ’21 which pushed mills for exports.

Imports

• Finished steel imports fell by 30% y-o-y to 4.7 mn t in the last fiscal.
• Higher global prices and competitive offers in domestic market, limited imports.