New Delhi: India’s steel exports registered a three-fold increase to 8.89 lakh tonnes in January this year, compared to the year-ago month. The massive jump in exports comes amid government providing extensive support to the domestic steel industry by way of various trade remedial measures including anti-dumping.
According to Joint Plant Committee data, the country shipped out 58.65 lakh tonnes in the first 10 months of the ongoing fiscal, registering an increase of 71 per cent. It said, export in January, 2017 was up 224 per cent over January 2016 and was up by 19 per cent over December 2016.\
The country’s steel export in January 2016 was 2.74 lakh tonnes.
