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Indian steel exports slow amid weakening global demand and rising costs, despite earlier surge.
Indian steel exports are expected to slow as global demand weakens, following an 83% October surge driven by European stockpiling ahead of a carbon tax.
Despite a 6% rise in domestic production, falling prices and rising coking coal costs are squeezing margins, limiting price hikes to just Rs 500–1,000.
Global output dropped 6% in October, with China’s production down 12% but exports rising ahead of a new export licensing system starting January 2026.
India cut imports by 52% through new duties on steel from Vietnam and China, but weak domestic demand and dwindling international orders continue to pressure steelmakers.
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Las exportaciones indias de acero se ralentizan en medio de la debilidad de la demanda mundial y el aumento de los costos, a pesar de un aumento anterior.