Exploring India's Export Opportunities for

Steel:

Wire Rods - (HS7213)

 Introduction :

 India's steel industry has transformed over the past 30-40 years, becoming the second-largest global producer by boosting domestic production and
reducing reliance on imports. Liberalized policies and infrastructure investments have driven this growth, enhancing self-sufficiency and export
capabilities.

Market Size and Global Demand for Wire Rods :

 The wire rods industry integral to sectors like construction, automotive,

and infrastructure. In fiscal year 2023, wire rods production was 12-18 million MT,
making up 10-15%. By Mid of fiscal year 2024, wire rods production was
estimated at 9-13 million MT.
 Globally wire rod is in demand Continents like , Asia Pacific , Europe, North America, Middle East and Africa, Latin America.
 Manufacturers of Wire Rods :

 Manufacturer companies like RINL, JSW Steel, Mukand LTD, TATA Steel etc .

Indian Foreign Trade Policies :

 Government impose tax i.e 18% GST and provide varies scheme’s like Production linked incentives,

 Steel import monitoring system, Export Promotion Capital Goods Scheme, Trade Infrastructure for export scheme, Remission of Duties and Taxes on
Exported Products.
Free Trade Policies :

 India has FTA for exporting Wire rods, countries like Afghanistan, Bangladesh,
Bhutan, Maldives, Nepal, Pakistan, and Sri Lanka.
 Less tariff applied for exporting Wire Rods in countries like Indonesia, Thailand,
Malaysia, Singapore, Vietnam, Kuwait, Oman, Qatar, Saudi Arabia, UAE.

In dept Data of Wire Rod Demand of Export and Import Country

wise:
 In Dept Data of Import, Export & Demand Countries wise.
 Countries like, China, India, USA, Japan, South Korea, Russia, Germany,
Turkey, Brazil, Gulf Countries.
 Business Flow for Export Wire Rods:

 Market Research : Identify potential markets for Wire Rods.

 Reliable Supplier : Identify reliable supplier for Wire Rods.
 Legal and Regulatory Compliance: Obtain necessary licenses and understand customs regulation for both countries.
 Logistics and Shipping : Choosing the logistics partner. (DHL Global, FedEx, Maersk Line)
 Pricing and costing calculation : Calculating the cost of Wire rods in Bulk purchase.
 Marketing and Sales : Contact potential buyers and negotiate with them for sale.
 Payment and Documentation : Secure payment through letter or advance amount & make documents like (Bill/Invoice/Agreement).
 Shipping and Delivery : Arrangement of Transport & ensure destination country regulation.
 After Sales Service : Provide customer support .

Cost and price of landing with Example :

 Purchase Cost 5,000,000 INR

 Shipping and Logistics Cost 1,000,000 INR
 Total COGS 6,000,000
 Revenue from Sales 9,000,000
 Expected Profit 3,000,000
 Conclusion :

 Huge demand for Wire Rods from small countries to big continents all over World.
 India as emerging market for import and export for Goods.
 India needs to boost the awareness and export of goods pre-dominantly.
 Technological advancement, Research and development and working quality compliance required, along with government to promote for exporting goods to
global among upcoming and existing business.