Steel exports surge by 78% in April-February period: Govt
20/03/2017 00:05
The Indian Government has said that steel exports have surged by 78 per cent in the April-February period of 2016-17 financial year.
Commenting on the issue, Steel Minister Chaudhary Birender Singh told the media, “There has been 39 per cent decline in imports of the alloy and there was a case for lifting of anti-dumping duty on steel products.”
“The past three years have been quite challenging for the steel industry. The government intervened strategically to provide policy and regulatory support from time to time which has given desired results,” he added.
“There has been "improvement in capacity utilisation to over 78 per cent, reduction in imports by 39 per cent and significant increase in exports by 78 per cent in the 11 months of current financial year," he said.
“At present, the steel industry in India is at a crucial juncture in its journey of growth. Inter-ministerial consultation is going on for maximising use of Indian-made steel in key projects,” he further added.
20/03/2017 00:05
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9470940040
The Indian Government has said that steel exports have surged by 78 per cent in the April-February period of 2016-17 financial year.
Commenting on the issue, Steel Minister Chaudhary Birender Singh told the media, “There has been 39 per cent decline in imports of the alloy and there was a case for lifting of anti-dumping duty on steel products.”
“The past three years have been quite challenging for the steel industry. The government intervened strategically to provide policy and regulatory support from time to time which has given desired results,” he added.
“There has been "improvement in capacity utilisation to over 78 per cent, reduction in imports by 39 per cent and significant increase in exports by 78 per cent in the 11 months of current financial year," he said.
“At present, the steel industry in India is at a crucial juncture in its journey of growth. Inter-ministerial consultation is going on for maximising use of Indian-made steel in key projects,” he further added.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9470940040
