India’s steel exports were a bit of a no-show in financial year 2023-24 (FY’24). Volumes rose a marginal 1% to 8.82 million tonnes (mnt) against 8.75 mnt in FY’23, reveals data maintained with BigMint. Finished flats, which traditionally comprise the major portion of exports, hogged the limelight in FY’24 as well at 7.40 mnt, up 11% against 6.69 mnt in FY23. Flats had an overwhelming 84% share in the total volumes exported last fiscal. Semi-finished (billets) dropped a steep 44% last fiscal to 0.79 mnt (1.40 mnt) while finished longs showed a minor 5% y-o-y drop to 0.63 mnt (0.66 mnt). Semis comprised a mere 9% and finished longs 7% of the total of 8.82 mnt.
