Imports of finished steel saw a rise of 3.5 per cent in 2017-18 to 7.48 million tonne (MT) and overall inbound shipment was stable, Rajya Sabha was informed today.
India imported 7.23 MT of finished steel in 2016-17.
"The imports of steel for the past two years -- 2016-17 and 2017-18 -- have been stable and there was a marginal increase of 3.5 per cent in finished steel imports in 2017-18 over 2016-17 levels," Minister of State for Steel Vishnu Deo Sai told the House in a written reply.
He said the production of finished steel in the previous financial year stood at 92.35 MT as against 86.47 MT in 2016-17.
Of the 7.48 MT of finished steel imported in 2017-18, 1.84 MT was alloy and stainless steel while 5.63 MT was non alloy, the minister added.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app