India has become a net importer of finished steel. In April, imports rose significantly while exports also saw an increase. Major suppliers to India included China, South Korea, Japan, Vietnam and Russia. Domestic consumption of finished steel grew, and crude steel production also climbed.* India imported ​0.7 million metric tons of finished ​steel in April, up 30.8% from a year earlier* India ​exported 0.5 ⁠million tons ‌of finished steel ​in April, ​up 24.9%* China, ⁠South Korea, Japan, Vietnam, and ​Russia were the top exporters ​of finished steel to India, data showed* Finished steel shipments to the United Arab Emirates ‌and the United Kingdom rose, while exports to ​Belgium and ​Italy ⁠fell* Finished steel consumption reached 13 million tons in April, up ​8.2% on-year* Crude steel production reached 13.8 million tons in April, up 3.9%. (ICE NEW DELHI)

Fonte notizia: Economic Times