Loading prices...

Register/Sign in
ScrapMonster
Are ads getting in your way? Register for Ad-free pages and live data.
Get an instant offer on your damaged car
Steel News September 24, 2021 08:55:11 AM

JSPL Eyes Record Steel Exports This Fiscal

Paul Ploumis
ScrapMonster Author
The steel exports by Indian companies are likely to total around INR 1.8-2.0 trillion this fiscal year.
JSPL Eyes Record Steel Exports This Fiscal

SEATTLE (Scrap Monster): Leading steelmaker Jindal Steel and Power Ltd. (JSPL) expects steel exports from India to hit fresh records during this fiscal. The crisis following the Evangrade downfall is unlikely to domestic steel manufacturers in the country, it noted.

According to V.R. Sharma, Managing Director, JSPL, the ripples of the debt crisis will only be felt within China and not in other countries. Moreover, China is not the primary export market for domestically produced steel. The prime markets, including Indonesia, Malaysia and Thailand, Australia, and West Asia, are readily available, he added.

During the previous month, China had announced its decision to cut steel output, as part of its efforts to achieve previously declared ultra-low carbon emission levels at steelmaking facilities. The lowered crude steel production by the world’s largest steel producing nation will help Indian companies to expand its export markets to countries previously served by China.

The steel exports by Indian companies are likely to total around INR 1.8-2.0 trillion this fiscal year. The country had exported 10.78 million tonnes of finished steel in 2020-’21, while the imports had totalled 4.75 million tonnes.

YOU MAY ALSO BE INTERESTED IN:

JSPL Won Strategic Kasia Block in Iron Ore Auctions

JSPL's Multi-Billion Dollar Investment to Boost Capacity

 

Are ads getting in your way? Register for Ad-free pages and live data.

How to Recycle

Proper Disposal of Alkaline Batteries

Proper Disposal of Alkaline Batteries

Improper disposal of alkaline batteries can result in various negative consequences. Explore our blog post to discover safe disposal methods.
Christmas Tree Recycling - Responsible Ways

Christmas Tree Recycling - Responsible Ways

Proper preparation and using a reliable Christmas tree recycling directory ensures responsible disposal and maximizes the benefits.
Stop Throwing Away LED Light Bulbs -- Do This Instead

Stop Throwing Away LED Light Bulbs -- Do This Instead

Stop throwing away LED light bulbs and dispose of them responsibly. Proper disposal ensures environmental safety and sustainability.
powered by RecyclingMonster
Are ads getting in your way? Register for Ad-free pages and live data.
×

Quick Search

Advanced Search