Essar Steel has fulfilled its commitment undertaken under the Export Promotion Capital Goods scheme, much before the scheduled deadline. The company has filed its submission with the Directorate General of Foreign giving details of fulfillment of export commitment against 5 EPCG licences obtained for the Hot Rolled Coil project at Hazira. The five EPCG licences together permitted import of capital goods for a value of US $ 75 Million with a corresponding export commitment of US $ 445.00 Million. The due date for fulfilling the commitments was from July 2002 to June 2004. The company exported goods worth US $ 461.00 Million by end of 2001 itself. Essar Steel is probably the only company among the private sector steel plants to fulfill its export commitments much before the scheduled deadline.

The main segment in the flat product steel category is the Hot Rolled steel, which has a share of almost 65% of the total flat steel exported from India. India, which used to be a major importer of hot rolled steel, is now a leading supplier of high quality hot rolled steel to the overseas markets and has the capability and potential to substantially increase its presence in the global markets.