Steel Im­ports Rise by 26% to 12 Mil­lion Tonnes in FY16

The Economic Times - - Economy: Macro, Micro & More -

Steel im­ports in­creased by 25.6% to 11.71 mil­lion tonnes in the last fis­cal com­pared to 9.32 mil­lion tonnes (MT) in 2014-15. Min­is­ter of state for steel Vishnu Deo Sai in a writ­ten re­ply to Lok Sabha said that in 2015-16 the fin­ished steel im­port was at 11.71 mil­lion tonnes (pro­vi­sional). The do­mes­tic pro­duc­tion of fin­ished steel in the last fi­nan­cial year de­clined to 90.39 mil­lion tonnes (pro­vi­sional), over 92.16 mil­lion tonnes in 2014-15, Sai said.

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