Steel exports business in India has dropped by more than a third in FY19 after USA and Europe, imposed safeguard duties in the past one year.

As per the report generated, finished steel exports between the April 2018 and March 2019 fell 34 per cent from the previous year to 6.36 million tonnes and finished steel imports by India, the world's fastest growing market, rose 4.7 per cent to 7.84 million tonnes.