India Steel Market Watch
October 7: Export offers of flat products fell as international prices were under pressure, industry sources said.
Current offers were quoted at $350 per ton FOB India, as against $360 per ton in the previous week.
Low exports are also impacting domestic prices, sources added.
Sources said Indian steel-makers are not competing aggressively with the global players due to better sales realisations in the domestic market.
According to steel ministry data, flat product exports fell 24% year-on-year in April-August, 2015-16 to 1.36 million tons, mainly to the US, UAE, Italy, Nepal and Bangladesh.