India exports Steel in the Pandemic
Updated: Oct 8
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.