An Analysis of Exim Steel Trade in India

Metals have long been a driving force behind industrialisation. Steel has always held a leading position among metals. Steel production and consumption are commonly viewed as markers of economic success as a raw material and intermediate product. As a result, it is not an exaggeration to claim that the steel sector has always been at the forefront of industrial progress and is the foundation of any economy. The steel industry is the pulse of an economy, indicating the general direction of the economy. The industry primarily assesses a country's or regions economic success. This is due to its widespread application in a variety of end-user industries, notably infrastructure, which is a major steel consumer.