Indian steel exports show EU resurgence

19 Dec 2023 CW Team

Indian steel mills are strategically managing export offers, demonstrating a cautious approach in South-East Asia during December. However, amid this trend, positive signs emerge in the European Union (EU) market, indicating a potential upswing for the Indian steel industry.

While export offers to South-East Asia are being held back, possibly in response to market dynamics or strategic considerations, the EU presents a contrasting picture. The resurgence in demand from the EU is seen as a promising development, offering a silver lining for Indian steel exporters.

The decision to curb offers to South-East Asia suggests a nuanced and adaptive strategy by Indian steel manufacturers, responding to specific conditions in different global markets. This tactical maneuvering aims to optimise trade flows and capitalise on emerging opportunities, showcasing the resilience and adaptability of the Indian steel sector.

In the EU, the observed green shoots in demand for Indian steel hint at a potential growth trajectory. This positive development aligns with the industry's efforts to diversify and explore new markets. As the global economic landscape continues to evolve, Indian steel producers navigate these shifts with strategic decision-making, positioning themselves to thrive in markets displaying increased demand and stability.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..