The Joint Plant Committee (JPC), under Ministry of Steel, in it its latest report has said that India’s finished steel export dropped by 25.2% to 0.558 million tonnes (MT) in the month of April 2018, as compared to finished steel export of 0.746 MT in the same month a year ago.
However, as per the report, the country’s imports grew 18.8% to 0.599 MT during April, compared to 0.504 MT in the same month previous year. Besides, the total output of finished steel for sale in April stood at 8.737 MT, up by 5.4% from 8.286 MT the country had produced in the same month last year.
The JPC stated that the consumption of total finished steel saw a growth of 8.2% in April 2018 at 6.984 MT over April 2017, under the influence of a rising supply side as both production for sale and imports increased in April 2018 over April 2017.
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