India turns net importer of finished steel in April, data shows

NEW DELHI: India turned a net importer of finished steel in April, according to provisional government data reviewed by Reuters on ‌Monday.

Here ⁠are ⁠some highlights:

* India imported ​0.7 million metric tons of finished ​steel in April, up 30.8% from a year earlier


* India ​exported 0.5 ⁠million tons ‌of finished steel ​in April, ​up 24.9%

* China, ⁠South Korea, Japan, Vietnam, and ​Russia were the top exporters ​of finished steel to India, data showed

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* Finished steel shipments to the United Arab Emirates ‌and the United Kingdom rose, while exports to ​Belgium and ​Italy ⁠fell

* Finished steel consumption reached 13 million tons in April, up ​8.2% on-year

* Crude steel production reached 13.8 million tons in April, up 3.9%.

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