Indian steel mills show mettle, reduce dependence on China for exports

Most companies resorted to exports during April and May to tide over the nationwide lockdown which impacted end-users of steel

Steel manufacturers are reducing dependence on China for exports, with the gradual opening up of business across the world. 

Even though the country still accounts for the lion’s share of semi-finished steel exports from India, China has come off from the highs during the lockdown. According to data from the Joint Plant Committee (JPC), India exported 1 million tonnes of semi-finished steel to China during April and May, while total semi-finished steel exports stood at 1.3 million tonnes. 

In June and July, however, China’s share stood at 45.7 per cent and 55.47 per cent, respectively. China's share of semi-finished steel exports peaked