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Steel exports fall 34pc in 2018-19

New Delhi: Finished steel exports declined by 33.9 per cent to 6.36 million metric tonnes in 2018-19 compared to 9.62 million MT in the previous financial year, according to the Union steel minister.

Total crude steel production rose by 7.6 per cent to 110.92 million MT in 2018-19 compared to 103.13 million MT in 2017-18, Steel Minister Dharmendra Pradhan informed Parliament on Monday.

Pradhan said that in the next two-three years, India will be in a position to continue to remain the net exporter of steel for years.

“We also produce saleable steel. We sometimes become importer, sometimes we are an exporter. At present, we are net importer, we are importing about 2-3 MT… Within the next two-three years, India will remain a net exporter of steel for years. There will be no import,” he had said while speaking at an industry event.

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