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According to official data from New Delhi, India was a net importer of finished steel products in September of this year.
Data shows that India's finished steel imports in September reached 650,000 tons, a decrease of 36.3% year-on-year. X90M steel, However, exports of 580,000 tons were still lower than imports. Nevertheless, export performance in September showed a significant year-on-year increase of 47.6%, indicating signs of recovery in overseas markets.
Regarding domestic supply and demand, finished steel production reached 13.3 million tons in September, a year-on-year increase of 14.7%; apparent consumption was 13.5 million tons, a year-on-year increase of 9%. X90M steel, Notably, consumption decreased slightly by 2.2% compared to August, indicating short-term fluctuations in end-user demand.
During the same period, India's crude steel production reached 13.8 million tons, a year-on-year increase of 15%, X90M steel, but a slight decrease of 1.7% compared to August, reflecting possible seasonal adjustments in production.
