Indian steel consumption in the April-December period of 2018 totaled 71.86 million mt, up 8.4 percent year on year, according to data released by India’s Ministry of Steel.
The ministry’s report also indicated that Indian steel exports in the given period amounted to 4.67 million mt, down 38.5 percent year on year.
Steel imports arriving in the country in the April-December period totaled 5.91 million mt, down 3.1 percent year on year, while the sharper fall in exports made the country a net importer of steel during the given period, the report noted.