Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

India's finished steel export slumps over 25% in Apr.


Date: 04-06-2018
Subject: India's finished steel export slumps over 25% in Apr
New Delhi, Jun 3 () India's export of finished steel slumped by 25.2 percent to 0.558 million tonnes (MT) during April 2018, according to a report.

The country had exported 0.746 MT finished steel during the same month a year ago, the Joint Plant Committee (JPC) said it its latest report.

The JPC, under Ministry of Steel, is the only institution in the country that collects and maintains data on domestic steel and iron industry.

"At 0.558 MT, export of total finished steel was down by 25.2 percent in April 2018 over April 2017," the report said.

The total output of finished steel for sale in April stood at 8.737 MT, up 5.4 per cent from 8.286 MT the country had produced in the same month last year, the report said.

Union Steel Minister Chaudhary Birender Singh had earlier said that India should export six to seven percent of its total steel production.

As against exports, the imports grew 18.8 percent to 0.599 MT during April, compared to 0.504 MT in the same month the previous year.

India's consumption of total finished steel grew 8.2 percent to 6.984 MT over April 2017, when the consumption was 6.454 MT, the report said.

"The consumption of total finished steel saw a growth of 8.2 percent in April 2018 at 6.984 MT over April 2017, under the influence of a rising supply side as both production for sale and imports increased in April 2018 over April 2017," the JPC said.

The Cabinet, in May last year, approved National Steel Policy (NSP) 2017 that envisages Rs 10 lakh crore investment to take capacity to 300 million tonnes by 2030-31 to give a boost to the sector.

The NSP also aims at more than double the per capita steel consumption to 158 kg by 2030-31, from about 61 kg at present.

Source: timesofindia.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 20-01-2022
Notification No.04 /2022 - Customs (N.T.)
Exchange rate Notification No.04/2022-Cus (NT) dated 20.01.2022-reg

Date: 06-01-2022
Notification No.02 /2022 - Customs (N.T.)
Exchange rate Notification No.02/2022-Cus (NT) dated 06.01.2022-reg

Date: 03-01-2022
Notification No.01/2022 - Customs (N.T.)
Exchange rate Notification No.01/2022-Cus (NT) dated 03.01.2022-reg

Date: 30-12-2021
Notification No.106/2021 - Customs (N.T.)
Exchange rate Notification No.106/2021-Cus (NT) dated 30.12.2021.

Date: 28-12-2021
Notification No.105/2021 - Customs (N.T.)
Exchange rate Notification No.105/2021-Cus (NT) dated 28.12.2021.

Date: 27-12-2021
Notification No.104/2021 - Customs (N.T.)
Exchange rate Notification No.104/2021-Cus (NT) dated 27.12.2021.

Date: 24-12-2021
Notification No.103/2021 - Customs (N.T.)
Exchange rate Notification No.103/2021-Cus (NT) dated 24.12.2021-reg.

Date: 24-12-2021
Notification No. 54/2021-Customs
Seeks to further amend notification No. 46/2011-Customs dated 01-06-2011 to give effect to 13th tranche of preferential tariff as per ASEAN India Trade in Goods Agreement (AITIGA)

Date: 22-12-2021
Notification No.102/2021 - Customs (N.T.)
Exchange rate Notification No.102/2021-Cus (NT) dated 22.12.2021-reg.

Date: 21-12-2021
Notification No.101/2021 - Customs (N.T.)
Exchange rate Notification No.101/2021-Cus (NT) dated 21.12.2021-reg



Exim Guru Copyright © 1999-2022 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001