Steel industry says surge in imports ‘warning signal’ for country’s Atmanirbhar mission

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The Indian steel industry has expressed concern over India becoming a net importer of steel in 2023-24, saying is it is a “warning signal” for the country which strives to become Atmanirbhar. As per the steel ministry’s Joint Plant Committee, India has registered a 38 per cent surge in imports of finished steel to 8.319 million tonnes (MnT) over 6.022 MnT imported during the preceding 2022-23 fiscal. “The surge in predatory imports from China is a big threat to the Atmanirbharta in steel. The country becoming net importer is a warning signal to our march towards Atmnirbharta (self-reliance),” Alok Sahay,...