Posted on 2009-07-07
PARSA: The import of Indian semi-structured steel rods has increased five-fold during the current fiscal year.
Nepal imported 5.89 million kg of semi-structured steel rods worth Rs. 271.9 million via Birgunj transit in the first 11 months of the fiscal year. Imports during the same period last year amounted to 1.05 million kg worth Rs. 4.19 million, according to the Birgunj Customs Office.
Rajesh Kyal, manager of Narayani Rolling Mill, said that imports soared this year as domestic production fell short of demand.
He added that the country´s monthly requirement of steel rods stood at 50,000 tons. Nepal produces 40,000 tons of steel rods per month.
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