Indian state-owned Rashtriya Ispat Nigam Limited (RINL) recorded its highest-ever steel exports which surpassed 1mn mt in Apr-Dec 2020 period. Exports surged by 141pc compared to the prior-year period, according to media reports.
India’s central and state governments have been taking measures to ease the shortage of iron ore in the domestic market, aiding production.
The company’s new forged wheel plant at Raibareli in Uttar Pradesh is nearing completion and scheduled to start production in February 2021.