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India's steel exports fell for the first time in eight months in February 2020

According to foreign media reports, due to the impact of the new crown epidemic, the demand for steel from traditional buyers in Europe and Southeast Asia shrank. Data shows that India's steel exports fell 8% month on month in February, the first decline in nearly eight months.

India is the second largest steel producer in the world. According to official data of India, 570000 tons of finished steel were shipped in February, compared with 619000 tons in the same period last year.

India's domestic steel consumption in February was also hit by the epidemic, falling to the lowest level in four months, and the domestic economic growth further slowed down. India's finished steel production in February fell to a two-month low of 8.56 million tons.