Indian steel imports dip by 16% in 11 months.

It is reported that India’s finished steel imports totaled 0.51 million tonne in January 2009 down by 34% in from 7.7 million in January 2009 and up by 60% MoM from 0.32 million tonne in December 2008.

As per steel ministry’s Joint Planning Committee data, finished steel imports for the April to January 2009 period stood at 5.32 million tonne down by 15.5% YoY.