9,523.31 TRY BIST 100 BIST 100
40.95 EUR EUR EUR
37.93 USD USD USD
5.23 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
45.36 TRY Interest Interest
73.01 USD Fossil Oil Fossil Oil
33.28 USD Silver Silver
4.89 USD Copper Copper
102.77 USD Iron Ore Iron Ore
356.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,819.33 TRY Gold (gr) Gold (gr)

India's steel production will continue to increase

India's steel production increased by 5% in the January-June 2023 period, officials expect this increase to continue.

India's steel production will continue to increase

India had recorded 5% annual growth in January-June 2023 and produced 66.14 MT of crude steel. According to officials, this upward trend will continue in the second half of 2023.

In addition, domestic steel consumption in India rose 11 percent year on year to 58 mt in the first half of 2023, up from 52.7 mt in the same period of 2022.

During the said period, steel exports lost 30% of their value due to the increase in China's steel shipments.

India's steel exports amounted to 6.70 mt in the first half of 2022, falling to 4.74 mt in the first half of 2023. Market analysts interpreted the reason for the decline in exports as cheaper supplies from China and decreased demand in the markets.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

CSPA calls on the Canadian government

Friday, April 4, 2025

Tax on scrap exports from Ukraine to Türkiye to remain in place

Thursday, April 3, 2025

OQGN partners with Hidrom to develop Oman's green hydrogen economy

Thursday, April 3, 2025

Steel billionaire Lakshmi Mittal announces relocation to the United Arab Emirates

Thursday, April 3, 2025

MKE to invest TRY 2 billion in defense industry

Thursday, April 3, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now