India Steel Market Watch
January 6: Export offers of flat products remained unchanged as international prices were under pressure, industry sources told ISMW.
Current offers were quoted at $300 per ton FOB India as against the same prices in the previous week. Low exports are also impacting domestic prices, sources added.
Provisional steel ministry data showed exports fell 5.1% to 242,000 tons in November 2015 against 255,000 tons in October 2015.
According to steel ministry data, flat product exports, mainly to the US, UAE, Italy, Iran and Saudi Arabia, fell 32% year-on-year in April-November, 2015-16 to 1.92 million tons.