India Steel Market Watch
December 16: Export offers of flat products fell by $15 per ton as international prices were under pressure, industry sources said.
Current offers were quoted at $315 per ton FOB India. Low exports are also impacting domestic prices, sources added.
Sources said Indian steel-makers are not competing aggressively with the global players due to better sales realisations in the domestic market.
According to steel ministry data, flat product exports, mainly to the US, UAE, Italy, Iran and Saudi Arabia, fell 30% year-on-year in April-October, 2015-16 to 1.75 million tons.