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Indian steel exports dive over 50% in Apr-Sep' 22.

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Morning Brief: Indian steel exports went down a high 53% in April-September, 2022 or initial half of financial year 2022-23 (H1FY23) to 5 million tonnes (mnt) against nearly 11 mnt seen in the very same duration in H1FY22, reveals information preserved with SteelMint. Level steel exports decreased a considerable 44% to 3.66 mnt (6.53.

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Export duty, EU demand slide contribute to low volumes. Vietnam's slow post-Covid recovery, preference for domestic material impact Indian mills. Exports to stay subdued amid inflationary pressures, 15% govt levy....

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