India’s steel exports jump by 102.1% in 2016-17


Odishasuntimes reports:
Overtaking imports, India’s steel exports jumped by 102.1 per cent in 2016-17 to 8.24 million tonnes (mt), as compared to 4.07 mt shipped out in the previous financial year (2015-16), according to a Steel Ministry’s report. According to the report, India’s consumption of total finished steel at 83.93 mt saw a growth of three per cent in 2016-17 as against 81.52 mt in 2015-16. Overall finished steel production for sale was at 9.75 mt in March, 2017, up by 17.4 per cent over year-ago month and grew by 14.6 per cent over February 2017, the report added.
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