steel export

India reduced the export of rolled steel by 55% y/y in April-November 2022

During the 8 months of t2022 financial year, the country increased the import of rolled steel by 22.5% y/

India has included steel in the export promotion scheme

Export benefits will be applied until September 30, 2023

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India increased steel imports from the Russian Federation to a 4-year high in April-October 2022

In 7 months of 2022, Russian steel exports to India increased by 4.4 times y/y – up to 149 thousand tons

The export of Russian steel next year will remain at the level of 2022 — the forecast

Steel production in the Russian Federation will decrease by 6–8% y/y in 2022

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The abolition of export duties will give impetus to the growth of Indian steel industry

In the future, this step may affect the European steel market

Yahoo Finance
India reduced the export of rolled steel by 55% y/y in April-October 2022

The production of rolled products in this period increased by 6.4% y/y

Business Standard
The European Union reduced steel exports by 17% y/y in January-August 2022

Shipments of flat rolled products from the EU decreased by 10% y/y in 8 months, and long products – by 22% y/y

Turkish steelmakers expect an increase in steel exports to the EU from 2023

As a result of the energy crisis in Europe, the production and supply of steel is reduced, which can positively affect imports from Turkiye

India’s rolled products exports fell by 54% y/y in the first half of FY2022/2023

Steel production in India in April-September 2022 increased by 7% year-on-year

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Türkiye cut steel production by 21% y/y in August 2022

In January-August 2022, steel production by Turkish steelmakers decreased by 8.8% year-on-year

Indian government may reduce export duty on steel and iron ore

India's imports of iron ore and steel are rising amid declining exports, requiring government action to remedy the situation

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