The total export of finished steel in August jumped 36% to 0.923 million tonne (MT). In the same month last year, the corresponding figure was 0.679 MT. As per report by the Joint Plant Committee (JPC), during April-August of 2017-18, the export of finished steel went up 57.1% to 3.73 MT, from 2.37 MT in the year-ago period.
The import during same month at 0.955 MT was higher by 62% year on year. During April-August period, the import of finished steel stood at 3.458 MT, up 15.9%, as against 2.983 MT in the previous year.
On consumption front, the finished steel consumption in August was higher than same period last year by 4.6% at 7.41 MT. In April-August, the consumption of finished steel saw a growth of 4.4% at 35.329 MT as against 33.829 MT during the same period last year.