August steel import value tracked by SIMS touches highest since March

Sumit Maitra

Value of steel imports tracked by government’s Steel Import Monitoring System has jumped 10 percent to $822 in August from $746 m in July, a growth of 10.11 percent in dollar terms.

June imports were even lower at $629 m.

The consistent rise in imports is happening at a time when the government is focusing aggressively on import replacement through indigenous production.

Month on month registrations ($M)