Indian steel exporters are dealing with more issues. - Espresso in stainless steel
steelnews.biz
India
07-02-2024
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Exporters of steel and stainless steel from India have to contend with new obstacles. A few years ago, 10 to 15 percent of the yearly production of local industries was exported. The export proportion was only 6.5% in 2023 after the Indian government imposed export taxes on steel and stainless steel.
Indian steel exporters are currently being disproportionately affected by the Red Sea issue, which has skyrocketed their logistical expenses. This is most likely partly because Indian maritime companies are attempting to take advantage of the circumstances in the Red Sea.