Steel exports shoot up by 30 per cent in December

12 Jan 2023 CW Team

While exports of alloyed steel fell by half, key export offerings of non-alloyed steel experienced their highest-ever sequential growth this fiscal year, reaching 271 per cent over the previous month. However, exports nearly halved (down 54 per cent year-over-year) for the April-December period, according to a steel ministry report. This was due to the global recessionary pressures and the previous impact of duty levy on exporters.

As an anti-inflationary measure, in May a 15 per cent export duty was imposed. Steel exports fell to 4.74 million tonnes (mt) in the first nine months of FY23 from 10.33 mt in the previous fiscal year. According to the report, India exported 442,000 tonnes in December, compared to 338,000 tonnes in November. Despite an increase in imports of 27 per cent and a decrease in exports during the first nine months of FY23, India was a net exporter of steel.

After the announcement of the removal of export duties, sentiments clearly improved. These will take some time to show up in numbers. Europe received more inquiries in December, and deliveries are scheduled for January. Order placements were lower than anticipated due to the approaching holiday season in the Western world, according to a trade source.

In anticipation of better prices in January, Indian producers of hot-rolled coils reportedly withdrew their existing quotes from the market in December.

Infrastructure Transport

18 Dec 2025

RVNL secures Rs 1.65 billion railway bridge project from North Eastern Railway

Rail Vikas Nigam (RVNL) has received a Letter of Award (LoA) from North Eastern Railway for a Rs 1.65 billion railway infrastructure project, strengthening its order book and showcasing its expertise in complex railway construction.The project involves constructing the substructure of a major railway bridge over the Gandak River, located between Paniyahwa and Valmikinagar stations. This is part of the doubling of the Gorakhpur Cantt–Valmikinagar railway section, aimed at improving line capacity and operational efficiency.The bridge will feature 14 spans of 61 metres each, built on double D-t..

Raebareli’s Modern Coach Factory rolls out 15,000th railway coach

The Modern Coach Factory (MCF) at Raebareli in Uttar Pradesh has achieved a major manufacturing milestone with the rollout of its 15,000th railway coach on December 15, the Ministry of Railways said.In a press note, the ministry said that MCF has already produced 1,310 coaches in the current financial year 2025–26, reflecting sustained high output at one of Indian Railways’ most advanced passenger coach manufacturing units.Established in 2007 at Lalganj in Raebareli district, MCF was built at a cost of Rs 31.92 billion with an initial annual production capacity of 1,000 coaches. The factor..

RailTel wins Rs 260.88 million IT infrastructure order from VOC Port

Navratna public sector undertaking RailTel Corporation of India has secured an IT infrastructure order worth Rs 260.88 million from V.O. Chidambaranar Port Authority (VOC Port), strengthening its presence in port-led digital transformation projects.According to an exchange filing dated December 16, 2025, RailTel has received a Letter of Acceptance (LoA) from VOC Port Authority for the implementation of advanced IT infrastructure at the port. The project is domestic in nature and is scheduled to be completed by August 15, 2026.The company said the order has been awarded in the normal course of ..