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Time of India
22-05-2025
- Business
- Time of India
India's finished steel imports fall 11.3% in April as China, Japan shipments slow
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 Maharashtra-based producer. China's crude steel output in April slid 7% from March, defying analysts' expectations for a rise against the backdrop of healthy profits and robust exports, but production was still reasonably high. In April, South Korea was the biggest exporter of finished steel to India, with imports reaching 0.15 million metric tons, up 2.4% on year, the data showed. India's prices of hot-rolled coil "edged higher" in April, triggered by the imposition of the temporary tariff, the government report said. Meanwhile, finished steel imports from France and Germany showed a sudden spike in April, the data showed. Finished steel imports from Germany rose more than five times to 30,600 metric tons, while those from France jumped 10 times to 30,300 metric tons. India imported mostly plates from France and Germany, the data showed. Plates are primarily used in construction, heavy machinery manufacturing and transportation. New Delhi remained a net importer of steel during April. Finished steel exports in April fell to 0.4 million metric tons, down 25.7% from a year ago, the data showed. Europe is a big destination for Indian steel, but shipments to Belgium dropped 6% on year in April, while finished steel exports to Italy fell 60.4%, the data showed. India's finished steel production reached 12.4 million metric tons in April, while crude steel output was at 12.9 million metric tons.
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Business Standard
22-05-2025
- Business
- Business Standard
India's finished steel imports fall 11.3% in Apr on slower China shipments
India's finished steel imports fell 11.3 per cent 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 per cent 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 per cent from a year ago. Imports from Japan dropped to around 85,600 metric tons, down 60 per cent 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 Maharashtra-based producer. China's crude steel output in April slid 7 per cent from March, defying analysts' expectations for a rise against the backdrop of healthy profits and robust exports, but production was still reasonably high. In April, South Korea was the biggest exporter of finished steel to India, with imports reaching 0.15 million metric tons, up 2.4 per cent on year, the data showed. India's prices of hot-rolled coil "edged higher" in April, triggered by the imposition of the temporary tariff, the government report said. Meanwhile, finished steel imports from France and Germany showed a sudden spike in April, the data showed. Finished steel imports from Germany rose more than five times to 30,600 metric tons, while those from France jumped 10 times to 30,300 metric tons. India imported mostly plates from France and Germany, the data showed. Plates are primarily used in construction, heavy machinery manufacturing and transportation. New Delhi remained a net importer of steel during April. Finished steel exports in April fell to 0.4 million metric tons, down 25.7 per cent from a year ago, the data showed. Europe is a big destination for Indian steel, but shipments to Belgium dropped 6 per cent on year in April, while finished steel exports to Italy fell 60.4 per cent, the data showed. India's finished steel production reached 12.4 million metric tons in April, while crude steel output was at 12.9 million metric tons. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Zawya
22-05-2025
- Business
- Zawya
India's finished steel imports fall 11.3% in April as China, Japan shipments slow
NEW DELHI: 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 Maharashtra-based producer. China's crude steel output in April slid 7% from March, defying analysts' expectations for a rise against the backdrop of healthy profits and robust exports, but production was still reasonably high. In April, South Korea was the biggest exporter of finished steel to India, with imports reaching 0.15 million metric tons, up 2.4% on year, the data showed. India's prices of hot-rolled coil "edged higher" in April, triggered by the imposition of the temporary tariff, the government report said. Meanwhile, finished steel imports from France and Germany showed a sudden spike in April, the data showed. Finished steel imports from Germany rose more than five times to 30,600 metric tons, while those from France jumped 10 times to 30,300 metric tons. India imported mostly plates from France and Germany, the data showed. Plates are primarily used in construction, heavy machinery manufacturing and transportation. New Delhi remained a net importer of steel during April. Finished steel exports in April fell to 0.4 million metric tons, down 25.7% from a year ago, the data showed. Europe is a big destination for Indian steel, but shipments to Belgium dropped 6% on year in April, while finished steel exports to Italy fell 60.4%, the data showed. India's finished steel production reached 12.4 million metric tons in April, while crude steel output was at 12.9 million metric tons. (Reporting by Neha Arora. Editing by Jane Merriman)
Time of India
22-05-2025
- Business
- Time of India
India's finished steel imports fall 11.3% in April as China, Japan shipments slow
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. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like One of the Most Successful Investors of All Time, Warren Buffett, Recommends: 5 Books for Turning... Blinkist: Warren Buffett's Reading List Click Here Undo 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 Maharashtra-based producer. Live Events China's crude steel output in April slid 7% from March, defying analysts' expectations for a rise against the backdrop of healthy profits and robust exports, but production was still reasonably high. In April, South Korea was the biggest exporter of finished steel to India, with imports reaching 0.15 million metric tons, up 2.4% on year, the data showed. India's prices of hot-rolled coil "edged higher" in April, triggered by the imposition of the temporary tariff, the government report said. Meanwhile, finished steel imports from France and Germany showed a sudden spike in April, the data showed. Finished steel imports from Germany rose more than five times to 30,600 metric tons, while those from France jumped 10 times to 30,300 metric tons. India imported mostly plates from France and Germany, the data showed. Plates are primarily used in construction, heavy machinery manufacturing and transportation. New Delhi remained a net importer of steel during April. Finished steel exports in April fell to 0.4 million metric tons, down 25.7% from a year ago, the data showed. Europe is a big destination for Indian steel, but shipments to Belgium dropped 6% on year in April, while finished steel exports to Italy fell 60.4%, the data showed. India's finished steel production reached 12.4 million metric tons in April, while crude steel output was at 12.9 million metric tons.
Reuters
22-05-2025
- Business
- Reuters
India's finished steel imports fall 11.3% in April as China, Japan shipments slow
NEW DELHI, May 22 (Reuters) - 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 Maharashtra-based producer. China's crude steel output in April slid 7% from March, defying analysts' expectations for a rise against the backdrop of healthy profits and robust exports, but production was still reasonably high. In April, South Korea was the biggest exporter of finished steel to India, with imports reaching 0.15 million metric tons, up 2.4% on year, the data showed. India's prices of hot-rolled coil "edged higher" in April, triggered by the imposition of the temporary tariff, the government report said. Meanwhile, finished steel imports from France and Germany showed a sudden spike in April, the data showed. Finished steel imports from Germany rose more than five times to 30,600 metric tons, while those from France jumped 10 times to 30,300 metric tons. India imported mostly plates from France and Germany, the data showed. Plates are primarily used in construction, heavy machinery manufacturing and transportation. New Delhi remained a net importer of steel during April. Finished steel exports in April fell to 0.4 million metric tons, down 25.7% from a year ago, the data showed. Europe is a big destination for Indian steel, but shipments to Belgium dropped 6% on year in April, while finished steel exports to Italy fell 60.4%, the data showed. India's finished steel production reached 12.4 million metric tons in April, while crude steel output was at 12.9 million metric tons.
