INCREASED INVESTMENTS IN INDIA’S STEEL SECTOR CAUSE DECLINE IN IMPORTS
November 1st, 2011
BY RAGHAVENDRA VERMA
INDIA'S steel imports declined 35.8% between April and September of this year, the country's steel minister Beni Prasad Verma informed India's parliament on Monday. The country imported just 2.88 million tonnes of finished steel during the period, while production increased by 9.5%, to 34.86 million tonnes. Despite this, consumption grew only 2.8% to 34.03 million tonnes, and exports stood at 2.26 million tonnes over the course of the six month period.
Calling it a positive trend from an Indian industry perspective, Anjani Agrawal, a ...
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