The export of finished steel from India more than halved in June compared to the same month in the previous year following the levy of a 15% duty on all shipments outbound by the government in its efforts to increase domestic supplies and curb inflation. Indian steelmakers exported 0.64 million tonnes of the alloy last month compared to 1.37 million tonnes in the corresponding period last year, as per data from the steel ministry compiled by SteelMint.
