India–US Trade Tensions Rise Over Steel and Auto Tariffs NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
According to the Joint Plant Committee (JPC) under the Ministry of Steel, India's steel imports have been tentatively estimated at 0.55 million metric tonnes (MMT) in May this year, up 13% year over year.
The data showed that India’s steel exports during the month were estimated at 0.43 MMT, a decline of 38% year over year.
Total steel exports during the April-May period of 2024 came to 0.94MMT, a 40% fall, while imports amounted to 1,44 MMT, a 20% rise, both year on year.
Also Read : NMDC cuts iron ore lump rates by ₹200/tonne and fines by ₹250/tonne Iron ore extends its slump on falling China steel demand, bets on excess supply
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