Exports to China saw sustained double-digit growth for the fourth straight month in August, led by eightfold rise in iron and steel shipments
The unit is ready with additional 1,000 tonne of steel plates for export in the current month
Crude steel production fell a lower 27 percent on-year despite a massive 38 percent decline in domestic demand between April and August
The company is now less dependent on exports compared to the first quarter, he added
Most companies resorted to exports during April and May to tide over the nationwide lockdown which impacted end-users of steel
Shipments to China rose by over 1,400 per cent to $524 mn in June from just $35 mn in the same month last year
With rural India being the only bright spot in the pandemic, steelmakers are looking beyond automobile and exports to daily-use products
China largest steel export destination for India during Apr-May
Even though the country is yet to lift the lockdown completely, JSL is recapturing its share in export markets and is ramping up domestic production volumes
While DGTR recommends the duty to be levied, the finance ministry imposes it
The window of opportunity for attracting companies looking to divert investments from the Asian manufacturing giant is closing
For the next one to two months, the focus will be on a balance between domestic sales and exports, say experts
Since 2014-15, India's steel exports and imports have witnessed a roller coaster run. Both in FY15 and FY16, imports trumped exports significantly
Minister of Steel Dharmendra Pradhan said that in the next two-three years, India will be in a position to continue to remain the net exporter of steel for years
A prolonged monsoon, weaker demand, tight liquidity and a sharp fall in home prices affected the domestic steel industry in the September quarter
Indian Stainless Steel Development Association (ISSDA), Jindal Stainless, Jindal Stainless (Hisar) and Jindal Stainless Steel have filed an application on behalf of domestic industry
A string of safeguard measures imposed on imported steel products by the EU, in the aftermath of the US import levies and escalating trade tensions, is believed to have dented Indian exports to the EU
Most of the producers said they were exporting more to bring down the inventory
In 2018, the US imports of steel and aluminum products totalled $ 29.5 billion and $ 17.6 billion respectively, says report
Steel Minister Chaudhary Birender Singh has said India should export six to seven per cent of its total steel production from the existing 1.5 per cent