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Rising Global Prices, Muted Local Demand Boost Steel Exports - The Economic Times

by economictimes.indiatimes.com posted 5months ago 22 views
MUMBAI: India's primary steelmakers have increased their share of exports in the fourth quarter of FY21 ending March, amid rising international steel prices, combined with a slight de-growth in domestic demand during the January-February period.Jindal Steel and Power (JSPL) reported an export share as a percentage of sales at around 38% in Q4 from 21% in Q3. SAIL has increased exports to 0.40 million tonnes from 0.27 MT in Q3. JSW Steel reported a crude steel production of 4.19 MT in Q4 and sources said that there was a significant rise in exports.

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