Delhi: Indian Steel Alliance (ISA) today said that
production of benchmark HR steel by ISA member companies
increased by 9 per cent (increase of 1.08mt) at 13.15mt
during 2003-04 from 12.07mt during 2002-03. Exports grew
a mere 2 per cent (increase of 0.07mt) at 2.89 mt in 2003-04
from 2.82mt in 2002-03. Domestic sales increased by 10
per cent (increase of 0.95mt) at 10.29mt in 2002-03 from
9.34mt in 2002-03.
on the growth in production of HR Steel, Moosa Raza, president,
ISA said, "It's time we separated facts from fiction.
Share of exports as a percentage to total sales was down
to 13 per cent in 2003-04 from 14 per cent in 2003-04.
Exports have grown only by 2 per cent during 2003-04 compared
to 62 per cent in 2002-03."
Raza, " Allegations by various user groups regarding
ISA member companies resorting to exports and creating
artificial shortages in the domestic market are baseless.
Domestic industry has always been a priority for us and
ISA has never exported at the cost of the domestic industry."
Steel Alliance (ISA) is an association of major Indian
steel producers - Steel Authority of India Limited (SAIL),
Tata Iron and Steel Company (TISCO), Essar Steel, Jindal
Vijayanagar Steel Limited (JVSL) and Ispat Industries.