According to foreign media reports on April 28, strong demand for steel in European countries led India's exports of finished steel in the first quarter to a year-on-year increase of 26%, reaching 2.47 million tons.
India's Steel Ministry pointed out that in March, India's finished steel exports to Belgium, Italy and Spain maintained an upward trend, while its exports to Nepal, UAE and Vietnam showed a downward trend.
In March, India exported 22% of its steel products to Italy and 16% to Belgium.
It is reported that most of the finished steel exported by India in March was hot rolled coil, with a total of 676200 tons, more than twice the same period in 2020.
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