INDIA'S FINISHED STEEL IMPORTS FROM CHINA HIT 7-YEAR HIGH IN APRIL-AUGUST

India's finished steel imports from China hit a seven-year high during the first five months of the 2024/25 financial year. India's overall finished steel imports also reached a six-year high at 3.7 million metric tons in the April-August period of this year, and the country was a net importer.

The world's second-biggest crude steel producer has been consuming the alloy at a faster pace with robust demand from the infrastructure and automotive sectors. India shipped 1.1 million tons of the alloy from China in the April-August period, up 31.7% year-on-year.

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