Question : EXPORT PRICE OF STEEL



(a) whether the steel is being exported at a price lower than the prices of steel in the domestic market;

(b) if so, the reasons thereof; and

(c) the steps being taken by the Government in this regard?

Answer given by the minister


MINISTER OF THE STATE IN THE MINISTRY OF STEEL (SHRI JITIN PRASADA)

(a)to(c): In view of the high prices prevailing in the international steel market it is unlikely for export realizations to be lower than the domestic realization. In fact, Government has withdrawn DEPB benefits on export of a large variety of steel items w.e.f. 27th March 2008 with a view to reduce export realization in steel and disincentivise steel export.