2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Russia
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India
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Japan
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Pakistan
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Detailed explanation-1: -Russia has become the largest importer of ‘Pig Iron’ of which country in the financial year 2022-23? Explanation: Data from the Steel Ministry, accessed by businessline, show that in H1 FY23 nearly 31,700 tonnes of pig iron came into India, of which 26,600 tonnes (or 84 per cent) was from Russia.
Detailed explanation-2: -China remains the largest pig iron producing country worldwide, comprising approx. 73% of total volume.
Detailed explanation-3: -Russia has emerged the biggest exporter of pig iron - a key steel making raw material - to India for the April-September (H1) period of FY23.
Detailed explanation-4: -China is the only country that has maintained its leading position among Russia’s largest trading partners since 2021. The trade turnover between the two countries in 2022 amounted to $140.7 billion. Next came Germany ($57 billion), the Netherlands ($46.4 billion) and Belarus ($38.4 billion).