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India's exports of finished steel jump 16.7% to 9.621 MT in FY18

India's total export of finished steel increased by 16.7% and stood at 9.621 million tonnes (MT) in 2017-18. According to data compiled by the Joint Plant Committee (JPC), the country had exported 8.242 MT of finished steel during 2016-17 fiscal.

Of the total export in 2017-18, the contribution of the non-alloy steel segment stood at 8.727 MT, while the rest was the contribution of the alloy steel segment including stainless steel.

In March 2018, the overall export fell sharply by 56.3% and stood at 0.708 MT from 1.621 MT during the same month a year ago. Import of total finished steel rose by 3.5% to 7.482 MT in FY18 compared to 7.226 MT in the preceding fiscal.

However, the overall import during March fell by 19.7% to 0.482 MT as against 0.600 MT during the same month in 2017.

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