India's steel exports fell 27% in April this year to 0.308 million tons while finished steel production in the country grew 3.2% to 7.48 million tons in the first month of the current fiscal, as per the data compiled by the steel ministry.
India imported 0.654 million tons of total finished steel in April 2016, down 15.5% over the same month last year. The country’s steel consumption posted a 5.2% growth in April 2016 at 5.75 million tons over corresponding month last year.