Thursday, October 15
India's finished steel imports fell 11.3% year on year in April to 0.5 million metric tons following a decline in shipments from China and Japan, according to provisional government data reviewed by Reuters on Thursday. India, the world's second-biggest crude steel producer, had in April imposed a 12% temporary tariff on some steel imports, locally known as a safeguard duty, to curb a surge in cheap shipments primarily from China. Finished steel shipments from China fell to 0.1 million metric tons in April, down 26.5% from a year ago. Imports from Japan dropped to around 85,600 metric tons, down 60% from a year ago, the data showed. "China has definitely gone down as far as imports are concerned," said Nitin Kabra, director sales and marketing, Bhagyalaxmi Rolling Mill Pvt Ltd, a Maharasht
