<h1>India's Finished Steel Imports Rise by 2.4% in 2011-12; Domestic Production Hits 73.42 Million Tonnes.</h1> The import of finished steel into India from various sources, including Japan and Korea, saw a slight increase of 2.4%, rising from 6.66 million tonnes in 2010-11 to 6.83 million tonnes in 2011-12. During this period, India's real consumption of finished steel was 70.92 million tonnes, while production stood at 73.42 million tonnes. To address any discrepancies between domestic supply and demand, the import and export of finished steel remain permissible.