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India regains status of net steel exporter during September

Ishita Ayan Dutt/Kolkata 13 Oct 17 | 05:07 PM

India has regained its net exporter status. The latest figures provided by the Joint Plant Committee show that India was a net exporter during September.

Exports of finished steel stood at 1.119 million tonnes in September, while imports stood at 810,000 tonnes. In contrast, JPC figures published in August showed that India had turned a net importer for the month of August, though cumulatively during April-August the country had maintained its net exporter status.

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During the April-September period, exports stood at 4.852 million tonnes, while imports were 4.318 million tonnes.

Export of total finished steel was up by 60.1 per cent in April-September 2017 (4.852 million tonnes) over the same period last year, while overall exports in September 2017, at 1.119 million tonnes, were up by 20.8 per cent over August 2017 and 70.6 per cent over September 2016.

India's consumption of total finished steel saw growth of 4.3 per cent in April-September to 42.883 million tonnes over the same period last year, on the back of production for sale and imports. Crude steel production during April-September 2017 was 49.74 million tonnes, growth of 4.5 per cent over the same period last year. Overall crude steel production in September 2017 was, however, down by 0.9 per cent over August 2017, but up by 6.8 per cent over September 2016.

 

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St Bk of India253.453.13
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Axis Bank455.501.24

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