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| TITLE |
Indian steel imports in July up by 94pct YoY |
| WRITER |
administrator |
DATE |
2009-09-21 08:20:14 |
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Indian steel imports in July up by 94pct YoY
20 Sep, 2009
According to the Mumbai based International Business Information Services steel imports in July surged 94% to 561,000 tonnes against 289,000 tonnes registered in the corresponding period last year.
The sharp rise in imports was led by hot rolled, sheets/coils and cold rolled products. As per report HR coils/sheets imports stood at 312,000 tonnes at USD 468 a tonne.
The major exporting countries include Korea, Ukraine, Brazil, Spain and Iran. HR coil prices in domestic markets in July ranged between INR 26,000 and INR 28,000 a tonne. About 111,000 tonnes of HR plates were imported at USD 631 a tonne from Romania, Ukraine and Korea.
Among cold rolled products, CR coils of 69,000 tonnes were shipped in at USD 574 a tonne, galvanized of 36,888 tonnes at USD 726 a tonne, and CRGO steel of 27,229 tonnes at USD 1,996 a tonne.
Over 40,000 tonnes of prime quality HR coils were imported from Brazil at USD 424 a tonne, Spain sold 30,000 tonnes of HR coils at USD 404 a tonne and France 16,000 tonnes at USD 404 a tonne.
Iran and Saudi Arabia exported 24,000 tonnes and 13,000 tonnes of HR coil at USD 429 a tonne and USD 418 a tonne respectively while Ukraine sold 20,000 tonnes at USD 429 a tonne.
On a cumulative basis, flat steel imports in the first four months of this fiscal rose by 44% to 2 million tonnes against 1.36 million tonnes logged in the corresponding year ago period. Imports of HR coils have reached close to 1 million tonne in four months.
Resource from Business Line |
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