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Indian hot rolled coil exports fell 4.37% on-year to 6.91 million tonnes in the fiscal year ended 31 March 2022 (FY22), against 7.23mt a year earlier. In March alone, exports inched down 0.74% to 701,029 tonnes, Kallanish notes. Vietnam was by far the largest market in FY22, despite 24.42% reduced intake on-year to 1.67mt, which was the main reason for the overall export drop. Other major markets for Indian HRC during the year were United Arab Emirates (947,887t),…
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