India's Jindal Steel and Power Ltd (JSP) has received a flurry of enquiries
from European buyers seeking finished steel products, indicating an uptick in
exports in the current quarter through March, a senior company executive said
on Tuesday.
His comments come after JSP reported a nearly 68%
drop in profits for the quarter ended Dec. 31, hit by the government's decision
to levy an export tax in May last year on some steel intermediates and a fall
in global demand.
"We did see some increase in the order book
and a lot of enquiries (from Europe)," Bimlendra Jha, managing director of Jindal Steel and Power,
told Reuters in an interview.
Hit by the government's decision to levy the
export tax, India's overall exports of finished steel more than halved during
the first nine months of the fiscal year that began in April 2022.