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Last Updated : Mar 19, 2018 05:48 PM IST | Source: PTI

India exports 8.22 MT finished steel during April-January FY18

As against exports, the imports were lower at 6.45 MT during the said period, Minister of State for Steel Vishnu Deo Sai said in a reply to the Lok Sabha.

The government today said that 8.22 million tonnes finished steel was exported during April-January of 2017-18.

As against exports, the imports were lower at 6.45 MT during the said period, Minister of State for Steel Vishnu Deo Sai said in a reply to the Lok Sabha.

India had exported 8.24 MT during 2016-17 and 4.08 MT in 2015-16, he said.

The country imported 7.23 MT in 2016-17 and 11.71 MT during 2015-16.

To a question related to volatile price of iron ore -- a key raw material used in steel making -- the minister said that government does not control or regulate the pricing of iron ore or any other raw materials in the country. There is a transparent policy of mineral allocation and its extraction.

Further, steel manufacturers are free to import any raw material based on their financial consideration, he added.
First Published on Mar 19, 2018 04:50 pm
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