India's Steel imports at Rs 26,387 crore in 2010-11

India's imported finished steel products worth Rs 26,387 crore in 2010-11, a 3% rise in comparison to 2009-10, Parliament was informed.

The country had imported finished steel worth Rs 25,623 crore in 2009-10, Steel minister Beni Prasad Verma said in a written reply to a question in the Lok Sabha.

Steel imports were the highest in 2008-09, at Rs 30,714 crore, he said, quoting JPC (Joint Plant Committee ) data.

In volume terms, India's imports during 2008-09, 2009-10 and 2010-11 stood at 5.84 metric tonne, 7.38 metric tonne and 6.8 metric tonne, respectively.

On the other hand, the country exported 4.44 metric tonne steel in 2008-09, 3.25 metric tonne in 2009-10 and 3.46 metric tonne in 2010-11.

Production of steel during the last three years, starting from 2008-09, amounted to 57.16 metric tonne, 60.62 metric tonne and 66.01 metric tonne.

India produced 17.05 metric tonne of finished steel during the April-June period of the current 2011-12  fiscal.
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