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India's steel imports from China hit all-time high in April-Octobei-金属展-冶金展-2025广州巨浪国际金属暨冶金工业展览会-巨浪展览-2025 China (Guangzhou)&
nbsp;Int'l Metal & Metallurgy Industry Exhibition
12/9/2024 金属展-冶金展-钢铁展-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.
金属展-冶金展-2025广州巨浪国际金属暨冶金工业展览会-巨浪展览-2025 China (Guangzhou) Int''l Metal & Metallurgy Industry Exhibition
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