According to provisional data from the Steel Ministry's Joint Plant Committee, India's total steel imports shrank by 60% YoY to 427 thousand tonnes in November 2022 with Vietnam being the top export destination for finished steel with 59,900 tonnes, followed by Nepal with 49,200 tonnes and Belgium with 18,000 tonnesSemi - 88 thousand tonnes, down 75% YoYNon-flat products - 25 thousand tonnes, up 75% YoYFlat products - 62 thousand tonnes, down 89% YoYAlloy steel - 252 thousand tonnes, up 230% YoY Similarly, India’s total steel imports were down by 59% YoY on the year to 5.5 million tonnes in April-November 2022Semis - 1.2 million tonnes, down 69% YoYNon-flat products - 0.4 million tonnes, down 75% YoYFlat products - 2.0 million tonnes, down 72% YoYAlloy steel - 1.9 million tonnes, up 154% YoYTotal steel -5.5 million tonnes, down 59% YoY On the other hand India’s finished steel imports of 681 thousand tonnes, in November up 110% YoY, highest since October 2019, led by surge in HR imports from Russia to 62,700 tonnes, followed by 11,800 tonnes from Japan & 600 tonnes from ChinaSemis - 44 thousand tonnes, up 318% YoYNon-flat products - 15 thousand tonnes, up 192% YoYFlat products - 376 thousand tonnes, up 110% YoYAlloy steel - 247 thousand tonnes, up 89% YoY India’s total steel imports were up by 31% YoY on the year to 4.1 million tonnes in April-November 2022 driven by surge in imports from Russia stood at 158,400 tonnes, Japan at 39,600 tonnes, from Vietnam at 21,100 tonnes and from China at 19,300 tonnesSemis - 0.2 million tonnes, up 149% YoYNon-flat products - 0.1 million tonnes, down 2% YoYFlat products - 2.1 million tonnes, up 15% YoYAlloy steel - 1.8 million tonnes, up 50% YoY
According to provisional data from the Steel Ministry's Joint Plant Committee, India's total steel imports shrank by 60% YoY to 427 thousand tonnes in November 2022 with Vietnam being the top export destination for finished steel with 59,900 tonnes, followed by Nepal with 49,200 tonnes and Belgium with 18,000 tonnesSemi - 88 thousand tonnes, down 75% YoYNon-flat products - 25 thousand tonnes, up 75% YoYFlat products - 62 thousand tonnes, down 89% YoYAlloy steel - 252 thousand tonnes, up 230% YoY Similarly, India’s total steel imports were down by 59% YoY on the year to 5.5 million tonnes in April-November 2022Semis - 1.2 million tonnes, down 69% YoYNon-flat products - 0.4 million tonnes, down 75% YoYFlat products - 2.0 million tonnes, down 72% YoYAlloy steel - 1.9 million tonnes, up 154% YoYTotal steel -5.5 million tonnes, down 59% YoY On the other hand India’s finished steel imports of 681 thousand tonnes, in November up 110% YoY, highest since October 2019, led by surge in HR imports from Russia to 62,700 tonnes, followed by 11,800 tonnes from Japan & 600 tonnes from ChinaSemis - 44 thousand tonnes, up 318% YoYNon-flat products - 15 thousand tonnes, up 192% YoYFlat products - 376 thousand tonnes, up 110% YoYAlloy steel - 247 thousand tonnes, up 89% YoY India’s total steel imports were up by 31% YoY on the year to 4.1 million tonnes in April-November 2022 driven by surge in imports from Russia stood at 158,400 tonnes, Japan at 39,600 tonnes, from Vietnam at 21,100 tonnes and from China at 19,300 tonnesSemis - 0.2 million tonnes, up 149% YoYNon-flat products - 0.1 million tonnes, down 2% YoYFlat products - 2.1 million tonnes, up 15% YoYAlloy steel - 1.8 million tonnes, up 50% YoY
