India-First-Global-Insights-Analysis -Sharing-PlatformIndia-First-Global-Insights-Analysis -Sharing-Platform

July steel imports up 21%

, August 16, 2012, 0 Comments

India’s steel imports continued to rise on rising consumption. This is despite the recent hike in import duty on certain category of flat alloy products.

For the April-July period, steel imports from Korea and Japan were up 36 per cent to 2.5 million tonnes over the corresponding last period’s 1.88 million tonnes.

Total steel production during the period stood at 25.01 million tonnes, while consumption was pegged at 24.3 million tonnes. India continued to be an exporter of steel products, but the shipments were down 23 per cent to 1.2 million tonnes.

About author
Market Bureau comprises of team of highly skilled Professionals who have expertise in Financial & Business Reporting. It also includes freelancers ,consultants and authors from our content partners who brings in valued and critical insights to this section with their rich experience. ...more