India steel imports likely to hit seven-year high in July

  • Monday, July 29, 2024
  • Source:ferro-alloys.com

  • Keywords:India steel imports
[Fellow]India steel imports likely to hit seven-year high in July.
 
India's steel imports are anticipated to surge in July to a seven-year high, according to S&P Global Commodity Insights data.
 
From January to July 2024, China has overtaken South Korea as the leading steel exporter to India, comprising 43% of India's total steel imports, while South Korean shipments made up 31%.
 
In July alone, Chinese steel is expected to represent a staggering 73% of the total imports.

 

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