STEPS TO PROMOTE EXPORT OF STEEL

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LOK SABHA

The export of finished steel in 2001-2002 was 2.73million tonnes while the same for the year 2000-2001 was 2.66 million tonnes. The Ministry of Steel has taken several steps to improve the export of steel from India.

A Steel Exporters’ forum has been set up to remove bottlenecks in the steel exports. Other steps are: exploring consolidating new/non-traditional markets; maximizing exports to neighboring countries; attempting to increase range of export products and contesting trade cases for re-opening major traditional markets for India steel exports. Besides the Ministry has asked its PSUs to explore new markets for export.

This information was given by the Ministry of Steel Shri B.K. Tripathy in a written reply in the Lok Sabha today.