China was the largest exporter of finished
steel to India during this period, followed by South Korea and Japan, primarily
shipping stainless steel, hot-rolled coil steel, galvanised sheets, plates
India's finished steel imports from China hit a seven-year high
during the first five months of the 2024/25 financial year, provisional
government data reviewed by Reuters showed.
India's overall finished steel imports also reached a six-year
high at 3.7 million metric tons in the April-August period of this year, and
the country was a net importer.
The world's second-biggest crude steel producer has been
consuming the alloy at a faster pace with robust demand from the infrastructure
and automotive sectors.
India shipped 1.1 million tons of the alloy from China in the
April-August period, up 31.7 per cent year-on-year, the data showed.
China was the largest exporter of finished steel to India during
this period, followed by South Korea and Japan, primarily shipping stainless
steel, hot-rolled coil steel, galvanised sheets, and plates.
India's federal steel ministry is discussing various trade
measures against imports in response to calls from Indian mills.