India’s steel imports fell 11.4% in July 2016 to 561,000 tons from 633,000 tons in June 2016, latest provisional steel ministry data showed.
In July 2015, steel imports stood at 1.03 million tons. This shows steel imports decreased 45.7% year-on-year.
In April-July, 2016-17, steel imports fell 34% to 2.39 million tons, down from 3.62 million tons in the same period last year.