Finish Long Imports in India Incline by around 37.5% with 0.11 MnT in Q4 FY18 against 0.08 MnT in previous Quarter – Q3 FY18.
Under Finish Long commodities following HS Codes has been considered – Bar & Rod (HS Code 7213 & 7214), MS Wire (HS Code 7217) along with Angle & Shapes (HS Code 7215 & 7216).
On monthly basis Finish Long Steel Imports registered at 0.04 MnT; decline by 20% in Mar’18 against 0.05 MnT in Feb’18.
The major exports during the Q4 FY18 registered through China at 24,764 MT followed by Italy – 22,327 MT & Thailand – 20,004 MT. Further on monthly basis, Thailand was the major exporter with 12,798 MT followed by China – 9,323 MT & Singapore – 6,089 MT.
Sharp surge in domestic steel prices by both Indian medium & large producers could be a major fact behind significant jump in long steel imports in India on a quarterly basis. The Indian long steel prices surge about 20-30% (INR 6,000-10,000/MT) during last 5-6 months.
Commodity wise Rebar being the major focused commodity during the quarter (Q4 FY18) with high figures in comparison to Wire Rod & Structure as Rebar import registered at 23,103 MT followed Wire Rod – 16,989 MT & Structure – 3,340 MT.
Top Load Countries 2018
| Country | Quantity | % Share |
| China | 24,764 | 22.78 |
| Italy | 22,327 | 20.54 |
| Thailand | 20,004 | 18.4 |
| South Korea | 9,521 | 8.76 |
| Malaysia | 8,495 | 7.81 |
| Singapore | 6,089 | 5.6 |
| Indonesia | 2,915 | 2.68 |
| Germany | 2,407 | 2.21 |
| Vietnam | 1,929 | 1.77 |
| Belgium | 1,686 | 1.55 |
| United Arab Emirates | 1,107 | 1.02 |
| Others | 7,454 | 6.86 |
| Grand Total | 108,698 | 100 |
Quantity in MT
Source-SteelMint Stats, Custom.
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