India, Dec. 3 -- Union minister Dharmendra Pradhan has said that India's steel sector is seeing improvement in the recent past after a slowdown. He also said that the country has been consistently increasing domestic production of steel and is a net exporter in the current financial year (FY20). He noted that steel is a deregulated sector where market forces and commercial considerations decide construction and location of new steel plants.

Pradhan has indicated that the import of steel has increased marginally in the last three years from 7.23 million tonnes in 2016-17 to 7.83 million tonnes in 2018-19. He also said that anti-dumping duties have been imposed on various grades of steel which were dumped into the country in order to counte...