Indian stainless steel exports show drop
India's stainless steel export decreased by more than 50% in the first two months of current financial year mainly due to suspension of exports related incentives like Duty Entitlement Passbook (DEPB) by the previous government in March. Jindal Stainless Steel exported only 16'233 tons during April-May period compared to 39'856 tons recorded in the same period of last year. Indian Stainless Steel Development Association stated that if the trend continues like that there might be glut in the domestic market.Indian stainless steel exports show drop
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