Mcx commodity tips and Market Updates for 11 May 2015: The Indian government has announced that India's steel imports have risen 28 per cent to USD16.29 billion (about Rs 1.04 lakh crore) last fiscal, PTI reported. As per PTI report, India is the world's fourth-largest steel producer and had imported steel worth USD12.71 billion in 2013-14. India's out-bound shipment of the metal has grown marginally to USD 16.24 billion in 2014-15, from USD16.03 billion in the year-ago period. "India has been a net importer of steel since 2007-08 until 2013-14 when the country became a net exporter for that year only. In 2014 - 2015 again, India was a net importer of steel,” "In the present deregulated market set-up, imports of steel are completely market driven and take place mainly due to the domestic non-availability or limited availability of specialized steel products and partly due to price considerations,”. Research Via is a leading financial services providing company and has its existence in Indian market as well as global capital markets. Research Via is Investment Advisory Company that provides and delivers high profitable returns on stock, nifty, commodity, share tips and
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