India's April-Nov finished steel exports fall 55% YoY on low demand

09 Dec 2022 CW Team

According to the most recent government data, India's finished steel exports more than halved during the first eight months of the current fiscal year, which started in April.

Between April and November, finished steel exports fell by 55% to 4.3 million tonnes as a result of a slowdown in global demand and India's decision to tax some steel shipments.

The export tax was abolished by the government last month, but steelmakers and business leaders predicted that it would be difficult for mills to reclaim their previous markets, especially those in Europe.

India, the second-largest producer of crude steel in the world, was a net exporter of the alloy despite a decline in exports.

India imported 3.8 million tonnes of finished steel in the first eight months of its financial year, up 22.5% from a year earlier. Crude steel production jumped 5.6% to 81.9 million tonnes.

The country's finished steel output rose 6.4% to 77.7 million tonnes, while consumption went up by 12% to 75.3 million tonnes between April and November.

Also Read
Marquardt Group establishes global R&D centre in Pune
Sterlite Power to maintain Kishtwar Transmission in J&K

Building Material

08 Sep 2025

India Must Curb Imports to Shield Aluminium Sector: ALEMAI

The Aluminium Extrusion Manufacturers Association of India (ALEMAI) has urged the government to revise import duties, review free trade agreements (FTAs), and implement policies that encourage domestic consumption in order to mitigate the impact of increased US tariffs on aluminium imports.Speaking at the curtain raiser event of ALUMEX India 2025, India’s first dedicated aluminium extrusion exhibition, ALEMAI President Jitendra Chopra stated that although the industry has an installed capacity of three million tonnes per annum, only 1.2 million tonnes are currently utilised. In contrast, imp..

Push Renewed for Ganjam Greenfield Airport Project

The long-standing demand for a Greenfield Airport in Ganjam district, Odisha, has regained momentum as local residents and leaders renew calls for swift action from both the state and central governments. Despite prolonged discussions over the years, a final decision on a suitable location is yet to be taken.The urgency intensified after the central government identified land for a greenfield airport just 30 km away, at Baruva in neighbouring Andhra Pradesh. In response, Odisha’s Transport Minister has urged authorities to establish a similar facility at Subani village, located close to the ..

AAI Proposes Private Aviation Terminal at Pune Airport

The Airports Authority of India (AAI) has proposed the development of a dedicated general aviation terminal at Pune International Airport, exclusively for private helicopters and chartered aircraft. The proposal forms part of a larger 300-acre airport expansion project, estimated at Rs 30 billion, aimed at easing congestion and streamlining passenger movement at one of India’s fastest-growing aviation hubs.Currently, non-scheduled operators must share space with commercial airlines, leading to delays and operational bottlenecks. The proposed terminal seeks to resolve these issues by providin..