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Why Chinese steel is keeping Indian companies on the edge

India's steel sector still in recovery mode post Covid pandemic: Tata Steel CEO, ET Auto

Tata Steel: "The recovery of the steel industry is still continuing post the global pandemic. In fact, we recovered well due to good handling of micro-economy by the RBI, and the investment that has been made for infrastructure development," he said at a New Year programme here.

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India net importer of steel in April-November as Chinese shipments reach 5-year high

During April-November, India imported a total of 4.3 million tons of finished steel, up 13.4% from a year earlier with shipments at a four-year high, data showed.

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India's steel imports at all-time high, Auto News, ET Auto

CY23 YTD volume has reached a six-year high of 7.0mn tonnes. India has been a net steel importer for the third consecutive month in November. Thus, higher imports remain cause for concern for domestic steel prices, the report said.

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