India’s key steel export markets, such
as Vietnam, Italy, Spain, Belgium, UAE, and some others, have either reduced
orders or kept them flat in May, over April, in view of global economic
uncertainties and competitive price offers from China, among other factors,
data from the Steel Ministry accessed by businessline show.
Exports of finished steel were at 1.6
million tonnes (mt), flat as compared to April-May period of last year; while
on a month-on-month basis exports had dropped by 19 per cent to 0.7 mt (while
in April it was around 0.9 mt), the provisional numbers show.