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Home / Metal News / India March Steel imports rise for the first time in last 5 months

India March Steel imports rise for the first time in last 5 months

Apr 7, 2016 09:17

Source:SMM

India's steel imports advanced for the first time in last five months during March of this year.

INDIA April 06 2016 4:16 PM

MUMBAI (Scrap Register): India's steel imports advanced for the first time in last five months during March of this year mainly due to the back of deals struck before the government imposed a floor price in February to curb cheap imports.

India, the world's third biggest steel producer, has imported 994,000 tons of steel in March, an increase of 18.2% as compared to a March 2015 and up 9.1% compared with February.

Steel imports advanced by 20.2% in the fiscal year ended March 2016 compared with the same period last year, the data showed.

steel imports

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