The Ministry of Steel recently announced that the country exported 13.5 million tonnes (mt) of finished steel amounting to Rs 1 lakh crore and imported steel of around Rs 46000 crores.
State Bank of India (SBI) has raised 3-year funds of $500 million (over Rs 3,800 crore) through a syndicated loan facility at "very fine pricing" through its IFSC Gift City branch.