Thu. Jun 30th, 2022

According to previously, India’s steel exports increased by 16% year-on-year.However, since November 2021, India’s exports have slowed significantly.At present, there is less demand from the Middle East buyers than the Vietnamese market.If the query volume reaches 30,000 to 40,000 tons, the buyer’s bid and the Indian factory offer are difficult to reach a consensus.The steel mill in North China is in the late winter, domestic infrastructure is closed, and it has to be turned to the export market and the Indian steel mill for price competition.In addition, the EU market demand is sluggish, and the Indian steel mill is relatively high.Therefore, buyers in the first quarter of this year lack interest in Indian products.

The Minister of Indonesia said that the power emergency of the coal export ban has ended, but the Indonesian government will continue to discuss policies in this field today.LUHUT BINSAR PANDJAITAN, Indonesia Maritime and Investment Affairs, said after meeting with the miners in the evening, discussing the discussion into two parts, one, to ensure the coal supply, the second is to propose a permanent solution.His department will review the standards of so-called DMO (coal domestic trade-in-service responsibility) must make decisions at a meeting on Friday.