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India imports steel worth Rs 36,073 crore in Apr-Jan FY16

10 Mar 2016 Evaluate

India, the world's third largest steel producer, imported steel worth Rs 36,073 crore in the first 10 months of this fiscal against almost Rs 44,893 crore in 2014-15.

India witnessed about 75% year-on-year rise in imports of total steel, comprising alloy and non-alloy, in 2014-15 and about 24% increase during April-January period of 2015-16. India imported 9.3 million tons of total finished steel worth Rs 36,073 crore during April-January this fiscal against 9.32 million tons worth Rs 44,893 crore in 2014-15.

In 2013-14 fiscal, the country imported 5.45 million tons of total finished steel worth Rs 30,416 crore against 7.93 million tons worth Rs 39,290 crore in 2012-13.