India turns net importer of finished steel in April, data shows
May 25, 2026 01:04:59 PM
NEW DELHI, May 25 (Reuters) - India turned a net importer of ?finished steel in April, according to provisional government data reviewed by Reuters on Monday.
- India imported ?0.7 million metric tons of ?finished steel in April, up ?30.8% from a year ?earlier
- India exported 0.5 million tons of finished steel in April, up 24.9%
- China, ?South Korea, Japan, Vietnam, ?and Russia were the top exporters of ?finished steel to India, data showed
- Finished steel shipments to the United Arab Emirates and ?the ?United ?Kingdom rose, while exports to Belgium and Italy ?fell
- Finished steel consumption ?reached ?13 million tons in April, up 8.2% on-year
- Crude steel production ?reached ?13.8 million ?tons in April, up 3.9%
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Steel Export Market Prices
| Material | Price | Change |
|---|---|---|
| Stainless Seamless Pipe 304 108*4 mm | $ 2196.65 | 11.34 |
| Stainless Scrap 304 Solid | $ 1296.97 | -12.95 |
| Stainless Bar 321 60 mm | $ 2197.04 | -13.10 |
| Stainless Bar 304 60 mm | $ 1956.28 | -13.25 |
| Stainless HR Coil 304/No.1 6.0 mm | $ 1902.08 | -9.39 |