The Indian steel industry is recovering from a brutal increase of 330 percent in the Ital Business line. The commercial deficit was only $ 1092 million last year.
If it becomes in terms of rupee, the Indian steel trade deficit for fiscal year 2015 is valued at ₹ 40,152 million rupees; Then, a jump of about 345 percent, against the export import gap of the fiscal year24 or ₹ 9,035 million rupees.
National factories have a bleeding market share, with a higher price for ruthless price calibration, by Chinese, in export markets; And they have also mistreated the leg by the deceleration of Europe.
Imports broke into a several -year zenith, with China, South Korea and Japan by ordering more than 80 percent of shipments; While the nations of the ASEAN as Vietnam and Indonesia serve as possible doors for Chinese steel, exploiting free trade agreements.
The country is now a net importer of alloy, for the second consecutive year. Almost 30 percent of imports are Chinese (both in terms of volume and value)
Chinese imports
Imports approached 9.55 million tons: a maximum of 10 years, and was valued at ₹ 80,737 million rupees ($ 9547 million). Compared to these exports, it was 5 – Mt ODD, a decade low, valued at ₹ 40,585 million rupees ($ 4799 million), the report mentioned.
In the fiscal year24, the incoming shipment of the alloy was valued at ₹ 68,193 million rupees ($ 8237 million) for 8.3 Tm of the metal. Outgoing shipments or 7.5 TM in that year were valued at ₹ 59,157 million rupees ($ 7145 million).
The last fiscal year, China was the second largest steel seller in India per volume, with 2.5 MT (5 % lower Yoy), but was the largest in terms of value, despite price differentials, at $ 2647 million (4 percent less).
Korea imported 2.8 TM (5 percent more) and valued at $ 2200 million (2 percent less).
Japan imported 2.0 TM of the goal, 60 percent more year -on -year and was valued at $ 1800 million, 32 percent more than fiscal year 200
Global prices and feroate imports have left the amazing Indian producers, which caused a 12 % provisional safeguard service in selected flat steel steel from China and Vietnam, slapped on April 21 for 200 days.
“Chinese imports have one leg in the last two or three months as discussions about the imposition of safeguarding obtained a rhythm,” said a ministry official.
Exports coup
Great export regions of Europe and Western Asia have been seen.
The data showed that the exhibitors yielded market share in the key nations of the EU, which include Italy, where shipments fell by 60 percent to 0.7 TM and valued at $ 673 million (50 percent less); In Belgium there was a 35 percent drop in volumes at 0.54 TM, valued at $ 482 million (minus 35 percent year -on -year). Spain saw a 40 percent fall of 0.42 TM and 43 percent dropped at a value of $ 331 million.
In the case of EAU, the volumes were 0.5 mt, 6 percent less. and valued at $ 445 million, 8 percent less. Nepal saw volumes at 0.54 mt – 4 percent below; and valued at $ 300 million (16 percent less).
Posted on April 23, 2025