#IndianSteelReport - June 2020
World Steel Association (worldsteel) and our own Joint Parliament committee have confirmed our Crude #Steel Production for June 2020 at 6.9 Million Ton still 26% lower than June 2019 but nevertheless it is after the Worlds largest shutdown due to the disastrous pandemic Covid-19.
Congratulations for the #steelindustry and its fraternity to successfully reaching to be the World’s leading producer once again after China.
Most importantly I refer to my subject for #VocalforLocal as per Ministry of Commerce we have turned net exporter of Iron and Steel since May 2020 and figures are Apr-June 2020 exports are Rs.22,496 Cr and Import of Rs. 13,916 Cr vis-à-vis Apr-June2019 a growth in exports of +56% and fall of imports upto -36% !! I request the balance importers to seek #IndianSteel for business.
Also the major growth has happened in June 2020 of 120% in exports and fall of imports upto 55% this after the call of #VocalforLocal by our beloved #PMNarendra Modi ji
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