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Steel exports surge 102% in 2016-17, imports fall 36.6%
Overtaking imports, India's steel exports jumped by 102.1 percent in 2016-17 to 8.24 million tons (mt), as compared to 4.07 mt shipped out in the previous financial year (2015-16), according to a Steel Ministry's report. "Export of total finished steel was up by 102.1 per cent in April-March 2016-17 at 8.24 mt over the same period of last year. Export in March 2017 at 1.62 mt was up by 363 percent in March 2016 and grew by 114 percent over February 2017," said the report of Joint Plant Committee.