Steel mills in India reversing import woes with export push

摘要

India is set to become a net exporter of steel for the first time in four years, reversing a trend that saw domestic mills battling a flood of cheap imports, according to the Indian Steel Association. "This is a very positive development and it would indicate that the Indian steel industry is globally competitive in terms of quality and prices," Sanak Mishra, the Association's Secretary General, said. The nation's production is forecast to top 100 million metric tonnes in the fiscal year starting 1 April as the big producers commission more capacity and look to boost exports, he said.