UAT Blogs Test
Public infrastructure13 May 2026
Many experts believe that the world is in the middle of a commodity super cycle (a sustained period of rising prices) and that steel prices will remain firm as the global economy rebounds and key markets like the US and China increase spending to drive growth.
While the macro, long-term picture looks good for the steel industry, the immediate prospects are looking up, too. What has particularly cheered the Indian steel industry is the change in China’s steel export-import policy in May 2021.
The country, as part of a decarbonisation drive, withdrew value added tax (VAT) rebates on exports of 146 steel products and cut import duty on semi-finished, crude and scrap steel.
With this move, China is disincentivizing exports and encouraging imports. This is creating opportunities for the Indian steel industry.