India’s finished steel export volumes stood at 1.331 million tonnes (mn t) in Aug’21, registering a decline of 12% over the month against 1.512 mn t in Jul, as per provisional data released by Joint Plant Committee (JPC). Traditional exports markets – the South East Asian countries – were reeling under the surging second wave of Covid-19, thus dampening demand. Also, exhaustion of quarterly quotas and summer breaks in Europe restricted exports to the EU.
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