During April-July, China was the second-biggest steel exporter to India, selling 0.6 million metric tonnes, up 62 per cent from the same period a year earlier. In all, India imported 2 million metric tonnes of finished steel in the period, the highest since 2020 and up 23 per cent from a year earlier. China, the world’s top steel producer, exported mostly cold-rolled coil or sheets to India.
South Korea was the top exporter to India, shipping out
0.7 million metric tonnes and accounting for 35 per cent of overall steel
imports.