The export of finished steel jumped by 64.2% to 0.770 million tonne (MT) in July compared to 0.469 MT in the same month last year. The report compiled by Joint Plant Committee (JPC), which collects data on iron and steel industry in the country, enlightened that during April-July 2017, export of total finished steel was up by 65.5% at 2.807 MT compared to 1.696 MT during the same period of last fiscal.

The import of finished steel also shot up by 42.2% at 0.798 MT in July this year compared to 0.561 MT in the same month last year. Import of total finished steel at 2.505 MT in April-July 2017 was up by 4.7% as compared to 2.393 MT in the year-ago period.

The consumption of total finished steel grew 3.7% to 6.905 MT in July 2017 over 6.660 MT in July last year. The consumption of total finished steel in India rose by 4.4% to 27.911 MT during April-July 2017 period, compared to 26.736 MT in the same period of last year.

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