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Chinese steel export market share of India
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Indian steel exports to the major markets are having to compete with cheap steel from China. According to data from the Joint Plant Committee, export of Indian flat steel from April to October fell by 29% compared to last year was 1.97 million tons.
During that time, steel exports to its biggest market is the US-has fallen 38% over the previous year was 211 200 tonnes. As previously reported, the US government began to open an investigation against dumping for galvanized sheet imports from several countries including India on 03/6.
However, the Indian factory is currently losing market share to China even in the areas where Indian steel ever more popular, such as the Middle East, Africa and South America. "Excess capacity has led to Chinese factories and efficient delivery."
For example, the transport of steel to the UAE, the market's second largest exporter of India, down 44% to 189 320 tons in the period. Similarly, the amount of steel to Iran and Saudi Arabia were also lower, respectively 19% and 75% to 214 140 tonnes and 44 330 tonnes.
Some traders also complained that the inefficiency of the Indian factory led to his commission is delayed, sometimes up to 6 months.
Meanwhile, steel production in Europe is abundant also led to lower demand for semi-finished steel of India.
According to the JPC, during the same period exports to Italy steel output fell 20% from last year was 204 860 tonnes.
Source: satthep.net
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18/8/2025
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