China was the largest importer in April 2024 but its volumes more than halved m-o-m to 1.39 mnt from 3.11 mnt in March amid tepid home demand and a sliding yuan, which has fallen more than 1.5% since January 2024. Rungta Mines was the largest exporter in the month under review with 0.72 mnt, which was a 85% increase m-o-m over 0.51 mnt in March. JSW Steel followed with 0.54 mnt, down by 26% m-o-m.
