Indian billet exports up to cross 7 mn t mark in FY '21
Apr 14, 2021 10:00
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Indian billet exports during FY ’21 have registered a significant rise to reach a little over seven mn t against 1.8 mn t in FY’20. China, Nepal, Indonesia, Thailand, and the Philippines were the predominant buyers of the Indian billets during the period under consideration. While JSPL, RINL, and SAIL were the prominent exporters.
Reasons behind increased billet exports –
Increased buying from China:The
steep rise in the exports was primarily due to the increased buying
from China. Chinese economy recovered comparatively at a faster pace
than other countries.
As domestic supplies could not cater to demand
it created room for imports. Though in the second