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India exports Steel in the Pandemic

Updated: Oct 8, 2020

Indian steel companies have cracked open an export opportunity in China — the world’s largest producer of alloy — due to the disruptions caused by the Covid-19 pandemic.

Plugging the Demand Gap

Domestic firms are racing to plug the demand gap in China. In April and May, domestic steel producers exported mostly semi-finished steel to China.

Overall exports of semi-finished steel rose 66 per cent year-on-year in April. Though the exact figure for semi-finished exports to China is not known, steel producers say a bulk would have gone to China.

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