Indian steel imports up by 25% year-on-year

Indian steel imports for the year 2009-10 have risen 25%. This i s according to the provisional figures released by the Joint Plant Committee. As compared to 5.839 million tonnes of steel imports in 2008-09, the figure shot up to 7.296 million tonnes last year. In the l ight of increased imports, the steel ministry is keeping a close watch on the situation. Mr. A Sai Prathap minister of state for steel, said, "The government is carefully watching the trends in imports of steel into India and may apply suitable policy measures to mitigate the adverse consequences of any surge in steel imports, as and when required."Nike Kevin Durant