Insignia Consultants | India's April-January finished steel imports touch record high
India's April-January finished steel imports touch record high
29359
NEW DELHI, Feb 13 (Reuters) - India's finished steel imports rose to an all-time high in the first 10 months of the financial year that started in April, according to provisional government data reviewed by Reuters on Thursday.
India, the world's second-biggest crude steel producer, imported 8.3 million metric tons of finished steel during April-January, up 20.3% from a year earlier, the data showed.
India remained a net importer during the period, the data showed. India turned net importer of steel in the 2023/24 fiscal year, with imports rising steadily since then and primarily led by China.
