Steel Minister Dharmendra Pradhan has said that India’s imports of finished steel increased by 4.68 percent to 7.83 million tonne (MT) in fiscal year 2018-19 (FY19), as compared to 7.48 MT of finished steel imported in 2017-18.
Stainless steel, flat products such as hot-rolled and cold-rolled coils, galvanised plain- or galvanised corrugated-coated and electrical sheets are the major categories that are being imported from other countries.
Among the grades that are imported, there are some that are not manufactured in adequate quantity in the country viz. Some of the reasons for these grades not being manufactured in India vary from lack of availability of technology, not enough demand to justify a separate production line.
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