steel exports - Latest news GMK Center

The country’s leading companies continue to expand their production capacity

In June alone, the country exported 446,000 tonnes of this product

The relevant agreement came into force on 15 July

As the details of the new measures were only announced on 30 June, the market did not have time to prepare

At the same time, the British government has recently published a revised policy on the procurement of steel under government contracts

In June alone, the figure rose by 6.6% y/y

Over the same period, total steel imports rose slightly — by 0.5% year-on-year — to 7.5 million tonnes

It is expected that steel intended for the European market will now also be exported to other regions

The May figure showed equally strong growth — 27% y/y

The country’s Minister for Industry did not specify what volumes were involved

The Indian side has announced that its concerns regarding the steel trade have been taken into account

The share of imports in the domestic market rose to 46%, compared with 38% a year earlier