According to the steel ministry’s latest report, the steel exports fell 27 percent in April this year to 0.308 million tonnes (mt) whereas the finished steel production has been grew 3.2 percent to 7.48 million tonnes in the first month of the current fiscal.

The report of the ministry’s Joint Plant Committee (JPC) said that “Export of total finished steel was down by 27 per cent in April 2016 (0.308 mt) over April 2015 and declined by 12 per cent over March 2016.”

In April 2016, India has imported 0.654 mt of total finished steel which is down 15.5 percent over the same month last year.

The report says that “During April 2016, the ISP (integrated steel plants) producers produced 3.956 mt, which was a growth of 1.2 per cent while production for the other producers was up by 3.3 per cent.”

The steel consumption of country posted a 5.2 percent growth in April 2016 at 5.75 mt over corresponding month last year.

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