Steel exports for the months of April and May this year have seen a growth of over 40 per cent, touching a figure of over 6 lakh tonnes, over the corresponding period in 2002.
Last year during this period India exported about 4 lakh tonnes of finished steel and 30,000 tonnes of semi-finished steel.
The Steel Authority of India Ltd (SAIL) alone has exported over 2 lakh tonnes of steel in April and May (2003), while last year the company exported only about 74,000 tonnes during this period.
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Similarly a senior official at Essar Steel said that the company has seen a sharp increase in its exports during these two months. However the exact export figures for Essar Steel is yet to come, he said.