Tata Steel increased exports to offset dull domestic demand towards the end of Mar’20 amid countrywide lockdown. The steelmaker exported semis, HRC, and CRC to Vietnam, China, and UAE. The company expects exports to be 50% of total production in Q1 FY21. In FY20, the company’s exports were 2.4 mn t compared to 1.65 mn t in FY19.
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