Jindal Steel Expects Indian Exports to Jump on China Curbs

Indian mills are poised to gain from China’s restrictions on steel output, with interest rising in semi-finished products, according to Jindal Steel & Power Ltd.

“China has decided not to melt too much of iron ore or use it in their blast furnaces and to import more of semis,” Managing Director V.R. Sharma said in an interview with Bloomberg TV. “So we are getting more and more inquiries for billets, blooms, pig iron and direct-reduced iron from China.”