India's finished steel imports reach a five-year high in the first two months of the fiscal year, up 19.8% YoY to 1.1 million metric tons.

India's finished steel imports hit a five-year high in the first two months of the fiscal year, with imports increasing 19.8% year-on-year to 1.1 million metric tons. The domestic demand for steel in India, the world's second-largest crude steel producer, remains buoyant, driven by robust demand from the construction and automotive sectors. China and South Korea were the top exporters of steel to India in recent months.

June 11, 2024
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