22-08-2017

India's finished Steel exports jump 64.2% in July

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India's Finished Steel export jumped by 64.2% to 0.770 million tonnes in July compared to 0.469 million tonnes in the same month last year, the report by Joint Plant Committee (JPC), which collects data on iron and Steel industry in the country, said.

Import of finished Steel also shot up by 42.2% at 0.798 million tonnes in July this year compared to 0.561 million tonnes in the same month last year, the report said.

During April-July 2017, export of total finished Steel was up by 65.5% at 2.807 million tonnes compared to 1.696 million tonnes during the same period of last fiscal.

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

The consumption of total finished Steel grew 3.7 per cent to 6.905 mt in July 2017 over 6.660 million tonnes in July last year, the report said.

During April-July 2017, consumption of total finished Steel in India rose by 4.4% to 27.911 million tonnes from 26.736 million tonnes in the same period of last year, under the influence of rising production for sale and imports, JPC said.

Source: Commodity Online 

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