22
Jul
14:50
Indian June-quarter consumption increases as exports plunge
Indian finished steel production and consumption surged 10% and 11% respectively on-year to 29.16 million tonnes and 27.69mt in the quarter ended 30 June, according to the Indian steel ministry.
Finished steel production in June alone totalled 9.71mt, whereas consumption was noted at 9.26mt. Steel inventories rose 4.8% to 845,000t in June.
Owing to sluggish overseas demand and the export duty imposition, Indian steel exports plunged 26% on-year to 2.88mt in the …
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Anonymous
Very good overview of the weekly steel market.
Anonymous