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Lok Sabha
Exports of steel during April-November, 2004 have been 2.4 million tonnes as compared to 2.87 million tonnes during the corresponding period last year, a reduction of 16.3%. The reduction in exports is due to increase in domestic demand and good net realisation through domestic sales.
SAIL has chalked out a strategy to strengthen its presence in neighbouring export markets. Its share of total exports in neighbouring markets (viz. Nepal, Bangladesh, Myanmar & Srilanka) has increased to 41% during the period April-November 2004, as compared to 31% during the corresponding period of the previous year.
The Indian Steel Alliance (ISA) has recommended that the Ministry of Steel in consultation with the Commerce Ministry may work out a long term plan for enabling exports to Pakistan.
This information was given by the Minister for Chemicals & Fertilizers and Steel, Shri Ram Vilas Paswan in a written reply to a question in the Lok Sabha today.
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