Indian steelmakers report export sales boost

It is reported that Indian steel companies, like Tata Steel, Steel Authority of India Ltd (SAIL) and JSW have reported three-fold jumps in export volumes in the fiscal year 2016-17.

Thanks to what The Economic Times calls ‘an enriched product basket’, all three companies have entered key export markets as India declares itself a net exporter of steel.

Export volumes, for example, are estimated to account for 22% of JSW sales in FY17.

Source: The Economic Times