India’s steel exports in 2021 were mainly driven by volumes to Europe. The share of Europe was 31% at 6.42 million tonnes (mnt) in the total 20.54 mnt exported in 2021, followed by South Asia, at 4.16 mnt, with a 20% share. The Middle East’s share was at 16% with 3.91 mnt. The share of South Asia dropped a sharp 46% to 4.6 mnt, driven by Vietnam’s demand decline due to the severe second wave of the pandemic.
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