Top 10 product categories such as stainless-steel flats, ingots, sanitary ware, and hot rolled coils comprised 35% of the imports.
HR coil, and
screw and bolt imports also posted robust increases, rising by 62.5% and 75%,
respectively.
About 52% of imports by value between May and July were domestically available,
with the value of such imports for July at $1.71 billion, up 29% from the
previous month.
The report
attributed rising imports primarily to price factors. Other factors include
customer standards, quantity availability, and delivery time.
China, Norway, and
Indonesia have substantially increased their exports to India, increasing to
$979 million, $141 million, and $208 million respectively, in July from May
this year.