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India’s steel imports dipped by 8.7 per cent last month but was up 24.1 per cent for the April-January period of the ongoing financial year. The development comes in the wake of the government taking a number of steps to check inbound shipments from countries like China. “Imports in January decreased by 8.7 per cent compared to January 2015. However, imports of total finished steel at 9.306 million tonnes (MT) in April-January 2015-16 saw a growth of 24.1 per cent compared to same period of last year,” a Steel Ministry official said quoting the latest data.  Read Articles  

India’s merchandise exports fell for the 13th consecutive month in December. During the 2008-09 global financial meltdown, the decline was for nine months in a row. Exports fell to $22.29 billion against $26.15 billion a year ago in December 2014, according to data released by the commerce ministry today. The last recorded growth in exports was over a year ago, when it rose 7.3% year-on-year.  Read Articles