Weak Dollars has drasitically effected exports, whereas imports have become more viable. The domestic, main producers like SAIL,TISCO,ESSAR,etc. are facing stiff competetion from the International Market.
Lot of Hot Rolled Coils are coming from CIS countries and as a result the docmestic manufacturers are forced to hold the prices despite huge increase in the cost of input raw material.
However, to boost exports, the Indian Government is thinking to increase the DEPB and other export benefits.
We hope that the exports for our product ,i.e., Hardened Tempered Steel Strips,CRCA Steel Strips,Spring Steel Strips,etc. will see a robust growth in the next quarter, if there are favourable changes in the Export Policy of the govenment.
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