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.

August 21, 2024
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