India's Steel Industry Threatened by Record Chinese Imports

Via Metal Miner For India’s steel industry, what was feared is coming true. Initial government data shows that imports of finished steel from China hit a new record in the first eight months of the fiscal year ending March 2025. The news quickly sparked concerns among domestic steelmakers about the influx of cheaper Chinese shipments. India is the second-largest crude steel producer in the world. However, the subcontinent turned into a net importer during this period, with finished steel imports reaching an eight-year high. Altogether, imports…