Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
According to the Joint Plant Committee (JPC) under the Ministry of Steel, India's steel imports have been tentatively estimated at 0.55 million metric tonnes (MMT) in May this year, up 13% year over year.
The data showed that India’s steel exports during the month were estimated at 0.43 MMT, a decline of 38% year over year.
Total steel exports during the April-May period of 2024 came to 0.94MMT, a 40% fall, while imports amounted to 1,44 MMT, a 20% rise, both year on year.
Also Read : India becomes top global buyer of seaborne coking coal, plans to expand steel capacity Indian steel exports to Europe hit 5-year high in FY24 but cedes space in UAE, Vietnam to Chinese mills
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