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India exported 13.5 mn tonnes of Finished Steel

  • Apr 27, 2022, 10.15 AM
  • DealMoney News Service

The Minister of State for Steel and Rural Development Faggan Singh Kulaste in a conference said that the country exported 13.5 mn tonnes of finished steel amounting to Rs one lakh crores and imported steel around Rs. 46000 crore.

The performance of the steel sector contributed their mite to the all time record of merchandise exports worth USD $420 bn from India.

 At a conference on Steel and Engineering exports organised by the Metalogic, PMS,  Kulaste said that notwithstanding the challenges arising out of Covid-19, it is heartening to note Steel Sector both in terms of external trade as well as domestic steel production and consumption registered a  record performance.

The engineering sector, being closely linked to the manufacturing and infrastructure sectors, is of strategic importance to India's economy and steel sector is closely linked to this sector.