March 11, 2002
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EXPORT OF HOT-ROLLED STEEL PRODUCTS
During the year 2000-01, India exported 1.45 lakh tonnes of steel plates and 13.2 lakh tonnes of hot-rolled coils/sheets. It exported 3.28 lakh tonnes of plates during 1999-2000 and 2.87 lakh tonnes during 1998-99. Export of hot-rolled coils/sheets during 1999-2000 was 14.68 lakh tonnes and during 1998-99 was 6.93 lakh tonnes.
To boost exports of iron and steel, Government has set up a Steel Exporters Forum under the Chairmanship of Development Commissioner for Iron & Steel with major steel producers/associations as its members to remove bottlenecks in exports. Some of the other measures taken by the Government to facilitate exports include full convertibility of export earnings at market rate of exchange, rationalization of DEPB rates, facility available to exporters to import their requirements of raw materials duty free under the Advance Licensing Scheme.