Tag: India’s bulk HRC imports drop 35% y-o-y in Jan’25

India’s bulk hot-rolled coils (HRC) imports in January 2025 totalled 406,255 tonnes (t), a significant 35% year-on-year (y-o-y) decrease from 623,646 t in January 2024, according to BigMint data. Moreover, imports dropped by 14% m-o-m against 473,222 t in December 2024. The decline was primarily driven by India’s proposed 25% safeguard duty on certain steel…