India exports 13.5 mt finished steel worth Rs 1 lakh cr in FY22

Steel Minister Faggan Singh Kulaste told media that India has exported 13.5 million tons (mt) of finished steel worth Rs 1 lakh crore in the past fiscal year.

Finished steel exports from India amounted to 10.78 million tons in 2020-21, according to the official data.

During FY22, India exported 13.5 million tons of finished steel worth Rs 1 lakh crore and imported steel worth about Rs 46,000 crore, said Kulaste at Steel and Engineering Exports organized by Metalogic PMS.

The number of goods exports from India amounted to $420 billion.

In FY22, India's steel consumption was at an all-time high of about 106 million tons, while the country produced a record 120 million tons of crude steel, Kulaste said.

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