DNA India reported that as per a steel ministry official, India’s steel imports in April 2007 to January 2008 period increased by 70% YoY to 5.7 million tonnes.

The report cited the official as saying that “The domestic production of finished steel, in the same period, has risen only by 5% YoY to 42.45 million tonnes.”

He said that “The growing imports show that there is adequate and growing demand for finished steel in India.”