Steel Secretary R S Pandey said that exports in 2007-08 were at 5 million tonnes, while imports stood at 7 million tonnes. "Exports have declined 6 per cent whereas imports have increased 46 per cent," he said.
Pandey pointed out that till 2006-07, India was a net exporter of steel. "In two-three years, the situation will worsen," he said while addressing the blow-in ceremony of Tata Steel's