Wait...

Online Export Import Data Search

Complete Training Video : Click Here

Finished steel exports surge 45% in October; imports rise 11.5%.


Date: 13-11-2017
Subject: Finished steel exports surge 45% in October; imports rise 11.5%
Export of total finished steel saw an annual jump of 45 per cent to 0.778 million tonnes during October 2017, according to official data.

The overall exports of finished steel stood at 0.537 million tonnes in the same month last year, according to Joint Plant Committee's latest report.

"Export of total finished steel was up by 57.7 per cent in April-October 2017 at 5.626 million tonnes over same period last year," the report said.

However, on month-on-month basis, export in October 2017 (0.778 MT) was 30 per cent lower than 1.115 million tonnes in September this year, it said.

On the other hand, the imports grew 11.5 per cent to 0.600 million tonnes in October this year from 0.538 million tonnes in the same month a year ago.

"Import of total finished steel at 4.916 million tonnes in April-October 2017 was up by 18.9 per cent over same period of last year," the report said.

However, on month-on-month basis, the overall import in October 2017 was down by 25.7 per cent over September 2017, it said, adding India remained net exporter of total finished steel last month and during April-October 2017.

The consumption of total finished steel in October 2017 grew by 5.5 per cent to 7.486 million tonnes from 7.093 million tonnes in the same month last year.

On month-on-month basis, the consumption in October was up by 1 per cent over September this year.

During April-October, "the consumption of total finished steel saw a growth of 4.5 per cent at 50.337 million tonne over same period of last year, under the influence of rising production for sale and imports," the report said.

Empowered by the Ministry of Steel, the JPC is the only institution in the country which collects data on the Indian iron and steel industry.

India is the third largest producer of crude steel in the world after China and Japan. The country is now aiming to grab the second spot.

Source: economictimes.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: 13-06-2018
Notification No. 27/2018-Central Tax
Seeks to specify goods which may be disposed off by the proper officer after its seizure.

Date: 12-06-2018
DGFT Notification No.11/2015-2020
Amendment in impot policy conditions of Natural Rubber under Exim Code 4001 10 of Chapter 40 of ITC(HS), 2017 - Schedule - 1 (Import Policy).

Date: 12-06-2018
Public Notice No. 13/2015-2020
Eligibility of Indian Mackerel under Table 2 of Appendix 3B of Foreign Trade Policy, 2015-20.

Date: 08-06-2018
Notification No.51/2018 - Customs (N.T.)
Notification under Section 7 notifying Surat airport as Customs airport.

Date: 08-06-2018
Notification No.50/2018 - Customs (N.T.)
Powers of adjudication of the officers of Customs.

Date: 08-06-2018
Circular No.16/2018-Customs
Powers of adjudication of the officers of Customs- reg.

Date: 08-06-2018
Circular No.16/2018-Customs
Powers of adjudication of the officers of Customs- reg.

Date: 07-06-2018
Notification No.49/2018-Customs (N.T.)
Exchange rates notification No.49/2018 dated 07.06.2018

Date: 07-06-2018
DGFT Notification No.10/2015-2020
Amendments in para 6.08 (b) of Foreign Trade Policy 2015-20.

Date: 07-06-2018
A.P. (DIR Series) Circular No. 30
Foreign Investment in India -Reporting in Single Master Form



Exim Guru Copyright © 1999-2018 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 Infodrive India
E-2, 3rd Floor, Kalkaji Main Road
New Delhi - 110019, India
Phone : 011 - 40703001