India’s steel exports in the first 10 months of CY22 (January-October) fell by over 40% y-o-y to around 9.3 million tonnes (mnt) from over 16 mnt in the corresponding period last year, as per SteelMint data. Exports of HRC and heavy plates that stand at around 3.08 mnt in January-October this year have plunged 45% compared with 5.7 mnt in the year-ago period. HRC exports comprise around 32% of India’s steel exports, as per SteelMint data.
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