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Home > All news > Export Import, Report & Analysis, Shipping > Indian steel exports struggle against China’s ultra-cheap shipments

Indian steel exports struggle against China’s ultra-cheap shipments

June 25, 2024
Reading Time: 2 minutes
Graph showing China's increasing steel exports to India.

New Delhi - Indian steel exports are struggling and are likely to face continued challenges, as overcapacity and weak domestic demand in China prompt the world’s second-largest economy to flood the global market with ultra-cheap steel.

India’s steel exports in May 2024 were recorded at 0.5 million tonnes (mt), nearly 25% lower month-on-month (m-o-m) from around 0.66mt in April, per provisional data available .

“The steel export market is currently distorted and lacks attractiveness due to China’s continued strategy of flooding the global market with low . . .

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Disclaimer: This information has been collected through secondary research and Daily Shipping Times is not responsible for any errors in the same.

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