{"id":114764,"date":"2016-03-13T22:33:05","date_gmt":"2016-03-13T22:33:05","guid":{"rendered":"http:\/\/151.106.38.4\/2016\/03\/13\/indias-steel-exports-fall-31-9-till-february\/"},"modified":"2016-03-13T22:33:05","modified_gmt":"2016-03-13T22:33:05","slug":"indias-steel-exports-fall-31-9-till-february","status":"publish","type":"post","link":"https:\/\/nagalandpost.net\/index.php\/2016\/03\/13\/indias-steel-exports-fall-31-9-till-february\/","title":{"rendered":"India\u2019s steel exports fall 31.9% till February"},"content":{"rendered":"<p><img src=\/old_site\/><\/p>\n<div>India\u2019s steel exports fell by 31.9 percent in the first 11 months of current fiscal 2015-16 compared to same period last year and exports in February 2016 declined by 25.6 percent compared to corresponding month last year, according to provisional data released by the steel ministry.<\/div>\n<div>\u201cExport of total finished steel was down by 31.9 percent in April-February 2015-16 compared to same period of last year. Exports in February 2016 increased by 21.5 percent compared to January 2016 and decreased by 25.6 percent compared to February 2015,\u201d said a report by the ministry\u2019s Joint Plant Committee.<\/div>\n<div>Institute of Steel Development &amp; Growth director general Sushim Banerjee told IANS that exports fell \u201cdue to a muted world market\u201d.<\/div>\n<div>\u201cWorld prices have been very low and internal demand in many of the countries has shrunk. When the exports figures were taken into account, global prices were going through a bearish trend.<\/div>\n<div>\u201cSome of the global producers are even compelled to sell at a price which is lower than their cost of production. In order to sustain their capacities, global producers are exporting even at a loss,\u201d he said.<\/div>\n<div>\u201cIndia\u2019s steel sector is competitive in terms of cost of production. But some of factors like high freight cost (transporting steel from plant to port) along with taxes are playing a critical role in terms of exports. Country\u2019s steel makers are now eyeing domestic market,\u201d said Banerjee.<\/div>\n<div>India\u2019s total steel consumption in February (2016) grew by 4.7 percent compared to same month last year.<\/div>\n<div>\u201cFor the last seven days, global prices are showing signs to go up. Exports situation are expected to be improved by April or May if global prices go up further,\u201d he said.<\/div>\n<div>At the same time, imports are also likely to fall in the coming months due to imposition of safe guard duty and minimum import prices, he said.<\/div>\n<div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s steel exports fell by 31.9 percent in the first 11 months of current fiscal 2015-16 compared to same period last year and exports in February 2016 declined by 25.6 percent compared to corresponding month last year, according to provisional data released by the steel ministry. \u201cExport of total finished steel was down by 31.9 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-114764","post","type-post","status-publish","format-standard"],"_links":{"self":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/114764","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/comments?post=114764"}],"version-history":[{"count":0,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/114764\/revisions"}],"wp:attachment":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/media?parent=114764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/categories?post=114764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/tags?post=114764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}