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SAIL plans to export 1.6 million tonne steel in 2017-18-The 18th Guangzhou Die-casting, Foundry & Industry Furnace Exhibition
5/4/2017 Die-casting expo-foundry expo |
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Financial Express eported that buoyed by a three-fold rise in exports in 2016-17 over the previous fiscal year, state-run Steel Authority of India Limited is hoping to more than double its outward shipment to 1.6 million tonnesin the current fiscal year, which would roughly comprise 10% of its total production.
The company would target traditional markets such as Bangladesh, Nepal, Thailand and Sri Lanka apart form South Korea and Malaysia and countries in the EU like Italy and Spain, among others.
SAIL generally exports products like billets, plates, slabs, HR coils and stainless steel.
The FE report quoted a company source as saying that “Though exports are not a compulsion for the company, presence in the export markets always help to broaden horizon and ensure higher margins.”
It exported 720,000 tonne steel in 2016-17.
-The
18th Guangzhou Die-casting, Foundry & Industry Furnace Exhibition
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