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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