August 22, 2008

Indian finished steel import in 4 months surges by 60% YoY

India’s union ministry of steel announced that the import of finished carbon steel into India during April to July 2007 is up by 60.2% YoY to 1.45 million tonnes as compared to 0.905 million tonnes in April to July 2006.

The release added that exports of steel during April to July 2007 is also up by 7.2% YoY to 1.750 million tonnes as compared to 1.632 million tonnes in April to July 2006.

The release also said that the production of finished carbon steel during April to July 2007 went up by 4.1% YoY to 15.55 million tonnes as against 14.943 million tonnes in April to July 2006 and production of pig iron recorded a rise of 13.8% YoY at 1.602 million tonnes.