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Indian steel imports in May touches almost 1 million tonne

India’s steel imports in May surged to about a million tonne , indicating tough times are here to stay for domestic producers facing price pressures and cheap imports from countries such as China, CIS, Japan and Korea even though steel ...

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Indian steel imports up 28pct in FY 2015

Parliament was informed that Govt India’s steel imports rose 28% to USD 16.29 billion (about INR 1.04 lakh crore) last fiscal as the country became a net importer of the metal. Data presented by the Minister of State (Independent Charge) ...

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“Make in India” to Rely Heavily on Chinese Steel Imports

DELHI – Steel consumption in India is forecast to grow at record rates in accordance with Indian Prime Minister Narendra Modi’s “Make in India” campaign. Indian steel buyers have caused consumption to grow at its fastest pace in 5 years, ...

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