India net importer of finished steel in April-August
India net importer of finished steel in April-August By Neha Arora
NEW DELHI, Sept 25 (Reuters) - India was a net importer of finished steel during the first five months of the financial year that began in April, shipping in 3.5 million metric tons of the alloy, up 29.5% from a year ago, according to government data released on Thursday.
China was the top exporter of finished steel to India during April-August, accounting for 31.8% of India's total imports
South Korea, Japan, Indonesia and Vietnam were among the top five exporters of finished steel to India during the period
India's finished steel exports during April-August stood at 2.99 million metric tons, up 34.1% from a year earlier
Vietnam was India's top export destination, followed by the United Arab Emirates, Italy, Belgium and Nepal
Hot-rolled coils and strips were the most traded products, both for imports and exports
India's crude steel production during April-August climbed 2.8% from a year earlier to 71 million metric tons
(Reporting by Neha Arora; Editing by Eileen Soreng)
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