Monday, 15 May 2017

Steel exports surge 142%, imports down 23% in April

Overtaking imports, India's steel exports jumped by 142 percent in April to 0.747 million tons (mt) as compared to 0.308 mt in the same month last year, said a Steel Ministry report.

Steel imports were down by 23 percent to 0.504 mt in the last month from 0.654 mt imported in the corresponding month of the last financial year.

"Export of total finished steel was up by 142 percent in April 2017 to 0.747 mt over April 2016 and declined by 54 percent over March 2017. Import of total finished steel at 0.504 mt in April declined by 23 per cent over April 2016 and also declined by 16 percent over March 2017.

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