ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Tamil Nadu-Signs of Panic

October 6, 1970 have been 31.8 mn tonnes. The trends in regard to steel are a eommenwy not merely on the stagnation of the steel industry but on that of the economy as a whole. Thus as noteworthy as the tardy growth of steel production is the slow growth of demand for steel. The Fifth Five-Year Plan had estimated domestic demand for steel in 1978-79 at 10 mn tonnes. However, despite total production of just 7.6 mn tonnes (6.6 mn tonnes by the integrated plants and about 1 mn tonnes by the mini steel plants), the country was a net exporter of steel last year. And in 1977-78, the country's net exports of steel had been as much as 1.4 mn tonnes.

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