<p>New Delhi India's finished <a href="https://www.deccanherald.com/tags/steel">steel</a> imports from <a href="https://www.deccanherald.com/tags/china">China</a> reached an all-time high during the first eight months of the fiscal year to March 2025, provisional government data showed, adding to concerns among domestic mills about cheap shipments from China.</p><p>Total imports of finished steel were at an eight-year high with India, the world's second-biggest crude steel producer, a net importer during the period.</p><p>India shipped in 6.5 million metric tons of finished steel, a 26.6 per cent increase year-on-year, the data showed.</p><p>China sent 1.96 million metric tons of steel to India during April-November, up 22.8 per cent year-on-year, the data showed.</p><p>Beijing mainly exported stainless steel, hot-rolled coil, plates, electrical sheets, galvanized plain or corrugated sheets, pipes, bars and rods, among other grades.</p><p>Finished steel imports from Japan also reached at least a six-year high during April-November, with imports more than doubling to 1.4 million metric tons, according to the data.</p>.India plans up to 25% temporary tax to curb cheap Chinese steel imports.<p>China, Japan and South Korea accounted for 79 per cent of India's total finished steel imports during the period.</p><p>Hot-rolled coils were the most imported steel product during the period, while bars and rods topped imports in the non-flat product category.</p><p>New Delhi has launched a probe to determine whether to impose a safeguard duty - a temporary tax - of up to 25 per cent to curb unbridled steel imports.</p><p>India became a net steel importer in the financial year that ended in March 2024, and imports have steadily increased since then.</p><p>The flood of cheap Chinese steel has pushed India's smaller mills to scale down operations and consider job cuts, as New Delhi joins a growing list of countries contemplating measures to curb imports.</p><p>Unlike other major economies, India's steel demand has remained strong, thanks to robust economic growth and the launch of new infrastructure projects.</p><p>Finished steel exports during April-November fell to an eight-year low, the data showed.</p><p>Italy was the largest export market for India's finished steel, but shipments fell 31.8 per cent year-on-year.</p><p>Finished steel exports to Britain and Belgium rose by 16 per cent and 6.9 per cent respectively, the data showed.</p>
<p>New Delhi India's finished <a href="https://www.deccanherald.com/tags/steel">steel</a> imports from <a href="https://www.deccanherald.com/tags/china">China</a> reached an all-time high during the first eight months of the fiscal year to March 2025, provisional government data showed, adding to concerns among domestic mills about cheap shipments from China.</p><p>Total imports of finished steel were at an eight-year high with India, the world's second-biggest crude steel producer, a net importer during the period.</p><p>India shipped in 6.5 million metric tons of finished steel, a 26.6 per cent increase year-on-year, the data showed.</p><p>China sent 1.96 million metric tons of steel to India during April-November, up 22.8 per cent year-on-year, the data showed.</p><p>Beijing mainly exported stainless steel, hot-rolled coil, plates, electrical sheets, galvanized plain or corrugated sheets, pipes, bars and rods, among other grades.</p><p>Finished steel imports from Japan also reached at least a six-year high during April-November, with imports more than doubling to 1.4 million metric tons, according to the data.</p>.India plans up to 25% temporary tax to curb cheap Chinese steel imports.<p>China, Japan and South Korea accounted for 79 per cent of India's total finished steel imports during the period.</p><p>Hot-rolled coils were the most imported steel product during the period, while bars and rods topped imports in the non-flat product category.</p><p>New Delhi has launched a probe to determine whether to impose a safeguard duty - a temporary tax - of up to 25 per cent to curb unbridled steel imports.</p><p>India became a net steel importer in the financial year that ended in March 2024, and imports have steadily increased since then.</p><p>The flood of cheap Chinese steel has pushed India's smaller mills to scale down operations and consider job cuts, as New Delhi joins a growing list of countries contemplating measures to curb imports.</p><p>Unlike other major economies, India's steel demand has remained strong, thanks to robust economic growth and the launch of new infrastructure projects.</p><p>Finished steel exports during April-November fell to an eight-year low, the data showed.</p><p>Italy was the largest export market for India's finished steel, but shipments fell 31.8 per cent year-on-year.</p><p>Finished steel exports to Britain and Belgium rose by 16 per cent and 6.9 per cent respectively, the data showed.</p>