According to the latest data, India’s crude steel production was up 5.3% YoY at 71.3 million tonnes, finished steel output jumped 6.4% YoY to 68 million tonnes, while consumption increased by 11.4% to 65.5 million tonnes during April and October of 2022. On the other hand, India's finished steel exports dipped by 55% YoY during April-October 2022, after Indian government slapped 15% export levy in May. Meanwhile, India imported 3.2 million tonnes of finished steel during the period, up 14.5% from a year earlier.
According to the latest data, India’s crude steel production was up 5.3% YoY at 71.3 million tonnes, finished steel output jumped 6.4% YoY to 68 million tonnes, while consumption increased by 11.4% to 65.5 million tonnes during April and October of 2022. On the other hand, India's finished steel exports dipped by 55% YoY during April-October 2022, after Indian government slapped 15% export levy in May. Meanwhile, India imported 3.2 million tonnes of finished steel during the period, up 14.5% from a year earlier.
