Indian Steel Exports & Import Data for April-November 2020
India Steel Exports ImportFinancial Tribune

Indian Steel Exports & Import Data for April-November 2020

According to media reports, the data of the Joint Plant Committee of India’s Ministry of Steel showed that Indian steel exports in the April-November 2020

According to media reports, the data of the Joint Plant Committee of India’s Ministry of Steel showed that Indian steel exports in the April-November 2020 have been estimated at 7.7 million tonnes, up 34% YoY, even though steel exports in November 2020 are estimated at 597,600 tonne, down 31% YoY & a declining trend over the past three months. The bulk of the exports comprised hot rolled coils amounting to 5.13 million tonnes, 50.5% higher against April-November 2019. The spike in exports was due to demand from China, which received 2.05 million tonnes of steel from India during the eight-month period, about 33 times higher than the 62,100 tonnes sent in 2019.

In contrast, India’s steel imports during the eight months sank 46.9% YoY to 2.70 million tonnes after November’s imports fell 27.3% YoY to 326,900 tonnes.

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