“This will remove a major bottleneck in transportation of LMO to states. As on date, 1172 tankers are available for LMO, with the capacity 15900 MT,” the statement said.

Steelmaker JSW Steel reported a 6% growth in the crude steel production of 4.19 million tonnes in the last quarter of the financial year 2021.

The sale of construction steel hit 855,000 tonnes, a year-on-year surge of 17 percent. Exports of the item topped 147,000 tonnes, up 10 percent.

KISC released ferrosilicon bidding price in May.

Hung Nghiep Formosa Ha Tinh took the second spot with output of 1.62 million tonnes, 20 percent lower than Hoa Phat.

India's primary steelmakers have increased their share of exports in Q4 amid rising international steel prices.

The project is expected to be built in three years and become operational in 2024.

Nearly 7,000 tonnes of pipes were shipped to the US, Australia, and Canada during the period, a year-on-year rise of 31 percent.