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India's steel import falls 36% to 7.4 MT in 2016-17

India's steel import falls 36% to 7.4 MT in 2016-17

Wednesday, April 19, 2017, 12:23 PM

India's import of total finished steel fell 36% to 7.4 million tonnes (MT) and exports jumped 102% to 8.2 MT in 2016-17, according to official data. In-terms of production too, the country did well, according to Joint Plant Committee's annual report on the sector for 2016-17. During April-March 2016-17, crude steel production was 97.385 MT, a growth of 8.5%, over the same period of last-year.
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