India became a net steel importer between Apr-July, importing 2.69M MT and exporting 1.57M MT, with China as the largest supplier.

India was a net steel importer between Apr-July, importing 2.69M MT and exporting 1.57M MT, with China as the largest supplier. Imports rose since India became a net importer in FY2024, leading to steel prices falling to their lowest in over 3 years due to higher imports and decreased exports. Indian steelmakers like JSW Steel and Tata Steel express concerns over rising imports, causing the government to investigate steel imports from Vietnam.

7 months ago
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