Steel makers in India should adopt technologies for producing high-grade steels and avoid costly imports, said the Union Minister for Steel Beni Prasad Verma on September 4 in Delhi at a CII-organised event. India had imported 8 million tonne steel in the 2012-13 fiscal, up from 6.83 million tonne in 2011-12, and 6.66 million tonne in 2010-11.
On account of higher demand for certain special grade of steel from the automobile sector had caused the the high demand.
Stating that the biggest challenge for the industry was optimum use of raw material, Verma said: I think modern pelletisation techniques need to be adopted to effectively utilise iron ore fines.
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