India's steel exports rise for 2nd consecutive month in Sep'24. What factors boosted volumes?

India’s Steel Exports in H1 FY 25 (Apr-Sep)

India steel exports rose a considerable 26% on a provisional basis in September 2024 to 0.58 mnt against 0.46 mnt in August.On a y-o-y basis, September exports were up a more nominal 8% compared to 0.54 mnt in September 2023. Volumes provisionally fell 32% m-o-m in April-September 2024 (or H1FY’25) to around 2.9 mnt against 4.30 mnt seen in the same period last fiscal.


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