Is India set to replace Europe and the US to become a major export market of Chinese stainless steel?
September 26, 2022
While on one hand, the total export volume of stainless steel to Europe by China has decreased since June and July by over 10 %, this number has increased in the case of India. In addition to the European and American markets, India is now the second largest export market of stainless steel for China. Since India’s net import data of stainless steel has been continuously increasing, it is expected that it might replace Europe and the US.
(Source: Shanghai Metals Market)