India's finished steel imports from China reached a 7-year high of 1.1 million tons (Apr-Aug 2024), up 31.7% YoY.
India's finished steel imports from China rose to a seven-year high, totaling 1.1 million tons from April to August 2024, a 31.7% increase year-on-year. Overall finished steel imports reached 3.7 million tons, making India a net importer. Strong domestic demand, especially from infrastructure and automotive sectors, fueled this rise, while domestic steel prices declined. India's crude steel production also increased by 4.2% to 60.9 million tons during the same period.
September 23, 2024
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