Indian steel export volumes in Mar ’21 hit 1.8-1.9 mn t amid higher global prices, leading the mills to liquidate their stocks at lucrative margins. Sources indicate that April’s export volumes may not be very high on account of healthy domestic demand. However, now that India is experiencing a devastating second Covid-19 wave that is leading to regional lockdowns, steel mills may once again explore overseas market in the month of May and Jun ’21 to liquidate their stocks at healthy margins.
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