Telah Terbit: Jul 26, 2023 16:25
Analysts from S&P Global Metals, Paul Bartholomew, stated that India's imports of steel products are expected to be around 5 million tonnes from April 1st of this fiscal year, mainly flat steel products. Government data shows that this will be around 1 million tonnes lower than the last fiscal year and 36% lower than the six-year high in 2018-19. Jayant Acharya, Joint Managing Director of JSW Steel Limited, said that arbitrage between imports is not so meaningful and will be automatically controlled. As Asian giants have started to reduce production, leading to a decrease in exports, supply from some Asian countries in the second half of this fiscal year should slow down.

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