NEWS DETAILS

Date: 29/01/2025

Finished steel imports from China soar by 13 pc in April-Dec.

China, the world’s top steel producer, shipped 2.1 million metric tons of finished steel to India during April-December 2024, up 13.3% year-on-year, the data showed. India’s finished steel imports from China touched their highest levels in at least seven years during the first nine months of the financial year that began in April, according to provisional government data. Beijing was the top exporter of finished steel to India during the period. Shipments from China, South Korea and Japan accounted for 79% of India’s overall finished steel imports during the period. South Korea’s finished steel exports to India during April-December touched a five-year high at 2.1 million metric tons, up 7.2% year-on-year. Japan’s finished steel exports to India touched an at least seven-year high, nearly doubling year-on-year to 1.6 million metric tons. India’s overall finished steel imports reached a six-year high during April-December, as per a report.
 
Source: Exim News Service: New Delhi, Jan. 28