On the back of high export duty,
competitive price from China and global consumption slowdown
Export of
finished steel from India to its key markets that include Europe, and West
Asia, saw a fall 17–48 per cent fall in April – June period (Q1FY23), due to
factors such as high export duty (imposed in May), competitive price from China
and global consumption slowdown. Steel export in Q1FY23 was down by 39
per