CURRENT AFFAIRS

Detailed explanation-1: -During April-January, FY22 exports at 111.42 LMT and imports at 39.07 LMT have increased by 26.2% and 3.1% respectively over CPLY. ii. India was net exporter of finished steel recording a net trade surplus of 3.64 LMT inJanuary’22 and 72.35 LMT during April-January, FY22, respectively. iii.

Detailed explanation-2: -In December, alloyed steel export was around 324,000 tonnes (81,000 tonnes in November) and non-alloyed was 118,000 tonnes (251,000 tonnes in November). For the first nine months of FY23, India was a net exporter of steel, despite imports increasing 27 per cent and exports declining.

Detailed explanation-3: -In FY22, the production of crude steel and finished steel stood at 133.596 MT and 120.01 MT, respectively. In April-Oct 2022, the production of crude steel and finished steel stood at 71.56 MT and 68.17 MT respectively.

Detailed explanation-4: -Steel Production in India averaged 3809.32 Thousand Tonnes from 1980 until 2022, reaching an all time high of 10900.00 Thousand Tonnes in March of 2022 and a record low of 0.00 Thousand Tonnes in January of 1987. This page has Steel Production values for India.

Detailed explanation-5: -The domestic consumption was at 75.340 mt, which is 11.9% higher to CPLY of 67.32 mt. Domestic crude steel production stood at 81.96 mt and was up by 5.6% over same period last year of 77.58 mt.