Posted on 16 Mar 2016
India's steel exports fell by 31.9% in the first 11months of current fiscal 2015-16 compared to same period last year and exports in February 2016 declined by 25.6% compared to the corresponding month last year, according to the steel ministry. "The export of total finished steel was down by 31.9% in April-February 2015-16 compared to the same period of last year. Exports in February 2016 increased 21.5% compared to January 2016 and decreased by 25.6% compared to February 2015," said a report by the ministry's Joint Plant Committee. Institute of Steel Development & Growth director general Sushim Banerjee said exports fell "due to a muted world market".
