NEW DELHI: India’s total export of finished steel in December last year jumped 28.9 per cent to 0.964 million tonnes (MT), official data showed.

The country had shipped 0.748 MT finished steel in the same month in 2016.

During April-December of 2017-18, the export of finished steel increased 52.9 per cent to 7.606 MT, from 4.975 MT in the year-ago period, the Joint Plant Committee (JPC) has said in its latest report.

On the other hand, imports were ..

India’s consumption of finished steel in December 2017 rose 6.2 per cent to 7.621 MT compared to 7.175 MT in the year-ago period.

In April-August 2017, the consumption of finished steel witnessed a growth of 5.2 per cent to 64.867 MT as against 61.662 MT during the same period a year ago “under the influence of rising production for sale and imports,” it said.

Not very happy with the export figures, Steel Minister Chaudhary Birender Singh has said India should exp ..