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Steel firms may find it tough to export next fiscal as domestic demand increases March 17, 2021 × With the economy returning to normal slowly, steel consumption topped 10 million tonnes in Dec and Jan Indian steel companies will face problems in maintaining steel exports at current levels during the next financial year given the fact that domestic production will just about meet demand within the country, a top industry official has said. During the current fiscal, domestic steel production was 103 million tonnes (mt) of which 94 mt were consumed locally, according to Seshagiri Rao, Joint Managing Director, JSW Steel, and Group Chief Financial Officer. ....