Covid-19 pushed steel exports to record high in FY21: SteelMint data

Finished steel exports in FY21 stood at 11.65 mn tonnes and semi-finished at 7.25 mn tonnes, up 31% and 153%, respectively, over previous year

Steel exports touched a record high in FY21, saving the day for companies, as domestic consumption dragged due to Covid-related disruptions in the first half of the year.

Data compiled by Joint Plant Committee (JPC) shows that finished steel exports between April-March 2020-2021 (provisional) stood at 10.785 million tonnes, an increase of 29.1 per cent; exports of semi-finished steel during the period were at 6.6 million tonnes, an increase of 133 per cent.

JPC officials said that the data showed that this was an all-time high. The previous high was in 2017-18 at 11.614 million tonnes. 

SteelMint data pegged