India: Exports by Vizag Steel at over 300,000 t in Jun ’21

State-owned steel producer Rashtriya Ispat Nigam Ltd (RINL) is actively focusing on exports due to subdued domestic demand. The company has booked export orders in excess of 300,000 t in Jun ’21, as per a recent tweet. Vizag Steel recorded 4.3 mn t of crude steel production in FY ’21- a fall of 9% compared to the previous fiscal. The company achieved steel sales at 4.45 mn t in FY ’21, up 4% y-o-y. The share of exports in total sales in FY ’21 was higher at 1.3 mn t against a modest 4.97 lakh tonnes in FY ’20.