Steel exports up 5% at 2.3 MT during Apr-Sept
Contribution of the non-alloy segment stood at 2.118 MT, while the remaining was from alloy steel
India's steel exports during the first six months of the current fiscal rose by 5% to 2.367 million tonnes (MT) as compared to the same period of last year.
The contribution of the non-alloy segment stood at 2.118 MT, while the remaining was from alloy steel, including stainless steel, according to the latest report of the Joint Plant Committee (JPC), a body under the Steel Ministry.
Steel, such as stainless steel, produced with some amount of alloying elements to impart specific properties is known as alloy steel. Non-alloy steel does not contain any alloy.
The JPC data showed that of the total finished non-alloy steel exports, non-flat products were at 0.176 MT and the flat basket at 1.942 MT.
Bars & rods and structural were the major contributors to the exports in non-flat segment. In the flat segment, HR Sheets, CR Coils and Galvanised Products were the biggest contributors.
India's steel exports were down by 1% to 1.91 MT till the April-August period of current fiscal over the year-ago period.
India's total steel exports during the last fiscal stood at 4 MT, while imports stood at 68 MT.
Country's steel making capacity in 2011-12 was around 90 MT, but actual production during the fiscal stood at 73.8 MT.