Tag: India flat steel imports
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Indian flat steel imports drop on sluggish domestic demand
Indian finished-flat steel imports stood at 0.34 MnT in May’20, down by 11% on a monthly basis as against 0.38 MnT in Apr’20. Absence of domestic demand amid extended lockdown announced to fight against COVID-19 outbreak resulted in lower imports in May’20. Thus, the Indian mills aggressively exported mainly to China and Southeast Asian nations. — Meanwhile, on…