Date: 02/12/2022

India’s steel imports from Russia highest in 4 years

Russia’s steel exports to India touched 149,000 tonnes in the first seven months of the current fiscal year that began in April, up from around 34,000 tonnes shipped a year earlier. This is the highest in at least four years. Russia accounted for just about 5% of India’s total steel imports but was among the top five exporters. India’s total steel imports between April and October stood at 3.2 million tonnes, up 14.5% from a year earlier. South Korea exported 1.3 million tonnes to India, accounting for a 41% share of the country’s total purchases, as per a report.
Source: Exim News Service: New Delhi, Dec. 1