India’s finished steel imports surged to a seven-year high of 5.7 mln tons during April-October, according to provisional government data, marking a continuation of the trend from FY24 when India became a net importer.
Finished steel consumption in India reached 85.7 mln tons during the period, also a seven-year high.
Finished steel production in India increased by 4.4pct YoY to 82.7 mln tons, while crude steel production rose by 3pct to 84.9 mln tons.
India’s finished steel exports dropped to their lowest in seven years, totaling 2.8 mln tons.
