LOK SABHA
In the first nine
months of the current financial year, most of the steel companies
have achieved a higher sales turnover as compared to that of
the last year. Indian Steel Industries have managed to tap some
now foreign markets in Asia including China, Nepal and Srilanka.
The names of the countries importing steel from India during
the period April 2001 to March 2002 are Bangladesh, Belgium,
China PRP, Ethiopia, , Hong Kong, Indonesia, Iran, Italy, Japan,
Korea RP, Malaysia, Mayanmar, Nigeria, Saudi Arab, South Africa,
Spain, Sri Lanka, Thailand, UAE and USA.
In a free market
economy, prices are determined by the prevailing market conditions
including demand, supply and other factors. These factors are
dynamic and keep on changing, however, the income from the sales
during last year was depressed due to recessionary trends in
the Global market. The income from sales has picked up significantly
during the last three quarters of the current fiscal year both
in the domestic and international markets.
This information
was given by the Minister for Steel, Shri Braja Kishore Tripathy
in a written reply in the Lok Sabha today.
