A mineral rich region, Machilipatnam was the gateway for high quality iron and steel exports.
Certainly, the steel exports continue to account for a low percentage of total steel shipments.
The economy's dependence on steel exports made it particularly vulnerable to the effects of the global financial crisis of 2008.
Iron and steel exports; and a world-wide trade in other goods.
To be sure, steel exports continue to account for a low percentage of total steel shipments.
Russia is roughly tied with Japan for first place in steel exports.
Brazilian steel exports suffer from arbitrary United States anti-dumping practices.
Chinese steel exports rose 110 percent last year, the government said.
Today the same company also uses the port, in part, for its steel exports.
As of 2012 steel exports faced widespread anti-dumping taxes and had not returned to pre-2008 levels.