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India to become net exporter of steel

Steel News - Published on Wed, 20 Jul 2011

India remained a net importer of steel during 2010-11. While finished steel exports stood at 3.461 million tonnes up by 6.5% YoY, steel imports stood at 6.798 million tonnes down by 7.9% YoY. Flat product imports accounted for almost 89% of total imports and longs were only 11%, but both declined YoY.

With release of new capacities and further addition in coming times, the equation is likely to undergo further changes and there could be a chance of India turning into net exporter from being net importer in 2010-11.

As per the latest data from JPC, during April to June 2011 quarter the gap between imports and exports narrowed down to just 26,000 tonnes per month as against 636,000 tonnes in A-J 2010. In all likelihood the situation would reverse further in Q2 turning India into net exporter of steel.

Non alloyed carbon steel
Q1\'11-12Q1\'10-11Change
Production15953148297.6
Imports10232470-58.6
Exports94656368.0
Real Consumption15368152310.9

In ‘000 tonnes
Most of the figures are provisional
Real consumption takes into account variation in stock and double accounting
(Source - JPC)

Under this changing scenario, the whole supply chain starting from a steel mill, international trading house, agents, importers, logistic players are looking to find direction as well as new partners to enhance the prospects of global trade as international steel trade is driven primarily by relations.

Lastly, steel makers around the world are facing severe cost push with iron ore and coking coal prices remaining sky high, while the finished steel prices are subdued comparatively. With unrest in MENA region, severe tightening in China, grim outlook in US and debt issues in EU, the prospects for demand recovery look bleak great

“Steel Market Meet 2011” being organized by SteelGuru on October 14th 2011 at hotel InterContinental The Lalit in Mumbai seeks to establish a platform that will bring together the main stakeholders in the steel import & export trade including overseas steel mills, trading houses, agents, importers & traders, users and logistic players, helping them to understand likely scenario, prospects and find new partners.

Conference focus
1. Brief on steel scenario globally, China and India
2. Indian steel import and export scenario
3. Product capabilities of Indian producers vis a vis Chinese and CIS
4. Cost competitiveness of Indian steel
5. How and where will India sell considering demand conditions
6. Is supply chain geared up for exports
7. Steel pricing dynamics amid surging input costs including short term trends

To know more about the event and register, please visit
www.globalbusinessconnect.org

Or send a mail to smm2011@globalbusinessconnect.org
Or call 0091 124 4048993
Posted By : admin on Wed, 20 Jul 2011
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