COMMODITY
Finished steel shipments of India down by 34% in 2018-19
Nov-19-2019

India has shipped about 6.36 million tonne (MT) of finished steel during 2018-19, marking a dip of 33.9% as compared with 9.62 MT in the previous year, despite the government's efforts to keep the country as the net exporter of the metal. India's crude steel production increased by 7.6% to 110.92 MT compared to last year's 103.13 MT.

Minister of Steel Dharmendra Pradhan expressed hopes that in the next two-three years, India will be in a position to continue to remain the net exporter of steel for years.

He said ‘we also produce saleable steel. We sometimes become importer, sometimes we are exporter. At present, we are net importer, we are importing about 2-3 MT... Within the next two-three years, India will remain a net exporter of steel for years. There will be no import.’

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