The Bokaro Steel plant (BSL) is exporting steel slabs and coils to China for the first time, providing impetus to Prime Minister Narendra Modi’s “vocal for local” slogan. An order from China, which is the biggest steel-producing country and leading steel exporter in the world, is a morale booster for BSL. Since the past few months BSL, a unit of Steel Authority of India Limited (SAIL), assessing the poor demand in the domestic steel market, has tried to focus on tapping the international steel market. Apart from BSL, another SAIL unit, Bhilai Steel Plant, is also exporting cast slabs to China. The export order for 30,000 tonnes of cast slabs of Grade JS-SS400 was received by Bhilai Steel Plant on May 21.

Source: The Telegraph June 11, 2020 11:26 UTC