Growing domestic steel industry contributed to 28% growth in export value of iron and steel (HS 72) to US$6.77 billion in the first 11 months of 2019. Import, meanwhile, increased only by 5% to US$9.56 billion. That means, deficit in HS 72 dropped to US$2.79 billion from US$3.84 billion. Deficit in iron and steel will decline further in the coming years with commercial operation of metal processing facilities.To subscribe please click here