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Provisional data for fiscal year 2020 from the Government of India show India became a net exporter of steel with an increase of 31.4% in March 2020.
A CNBC report claimed India's steel consumption had touched the psychological barrier of 100 million tons (MT) this fiscal year.
What's more - and this bit of information will send a cheer through the Indian steel sector - steel imports were down 13.6%, much of it because of a 22% fall in steel imports from China this fiscal year.