India Steel Market Watch
December 9: Steel handling (exports and imports) by Magdalla Port stood at 25,178 tons in October 2015, resulting in a 41.01% decrease compared to 42,682 tons handled in the preceding month of September, as per provisional data available with ISMW.
Steel handling by the port in October 2014 stood at 48,046 tons, which shows that handling in October this year was down 47.60% y-o-y.
A volume of 5,854 tons of steel exports was handled via this port in October 2015, down 87.82% from 48,046 tons exported in October 2014.
Exports of steel by the port during the first seven months of 2015-16 (April- October) stood at 234,106 tons against 200,444 tons exported in the same period of 2014-15.
While there were no imports of steel via Magdalla Port in October 2014, 19,324 tons were imported in October 2015.
Imports of steel by the port during the first seven months of 2015-16 (April- October) stood at 83,301 tons against 133,071 tons imported in the same period of 2014-15.