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India's steel imports from China hit all-time high in April-Octobei-金屬展-冶金展-2025廣州巨浪國際金屬暨冶金工業展覽會-巨浪展覽-2025 China (Guangzhou)&
nbsp;Int'l Metal & Metallurgy Industry Exhibition
12/9/2024 金屬展-冶金展-鋼鐵展-steel expo-metal & metallurgy expo |
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India''s steel imports from China hit an alltime high of 1.7 milion mt during the April-October period of the fiscal year 2024-25provisional data of the Ministry of Steel showed on Friday, December 6The inward shipments of finished steel from China during the April-October period showed a rise of 35.4 percent over thecorresponding period of the previous fiscal year
Imported steel from China arriving in lindia mostly comprised stainless steel, hot rolled coils, galvanized sheets, plates, andelectrical sheets.
Overall, finished steel imports to India reached a seven-year high of 5.7 million metric tons during this period
Indla''s steel ministry has proposed a 25 percent sateguard duty on tlat steel products to limit cheap chinese imponts, in responseto sustained pressures from domestic steel producers.
However, at the other end, major steel consuming industries like the Engineering Export Promotion Counci (EEPC, representingengineering product exporters from india) has claimed that imposition of any tariff to check imports would in reality push updomestic steel prices, as local mills tend to benchmark domestic steel prices to the landed prices of imports.
Steel product manufacturers have also counter-argued that any move to make imported steel expensive would make indianengineering product exporters uncompetitive in major markets overseas.
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