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Import of finished steel is showing an uptrend, according to steel industry sources. Between April and December 2010, imports were 5.36 million tonnes, up from 5.24 mt in the same period of the previous year. If this trend persists, the total import in 2010-11( the figure still to be finalised) is likely to exceed 7.38 mt in 2009-10, the sources point out. In 2008-09, the import was of the order of 5.84 mt. Steel is shipped into bridge the demand-supply gap.
Between April and December 2010, the demand was 51.80 mt while the domestic availability was 46.44 mt. In the corresponding period of the previous year, the demand was 47.29 mt and the domestic production 42.05 mt. In 2009-10, the total demand was 63.55 mt while the domestic availability was 56.17 mt and the corresponding figures for the previous year (2008-09) were 58.28 mt and 52.44 mt respectively.
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