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Finished steel export surges 64 pc in Jul, import too picks up

20-Nov-2017
Finished steel export surges 64 pc in Jul, import too picks up

Finished steel export surges 64 pc in Jul, import too picks up

NEW DELHI: Finished steel export jumped by 64.2 per cent to 0.770 million tonne (mt) in July compared to 0.469 mt in the same month last year, says a report. 

Import of finished steel also shot up by 42.2 per cent at 0.798 mt in July this year compared to 0.561 mt in the same month last year, the report said. 
"India was a net importer of total finished steel in July 2017 but maintained its net exporter status for the cumulative period, i.e. during April-July 2017," it said. 

During April-July 2017, export of total finished steel was up by 65.5 per cent at 2.807 mt compared to 1.696 mt during the same period of last fiscal, the report by Joint Plant Committee (JPC), which collects data on iron and steel industry in the country, said. 


Import of total finished steel at 2.505 MT in April-July 2017 was up by 4.7 per cent as compared to 2.393 MT in the year-ago period, it added. 


Source:- Economictimes.indiatimes.com

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