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Detailed explanation-1: -NEW DELHI (Reuters)-India was a net importer of steel during the 2018/19 fiscal year, the first time in three years, as the country lost market share among its traditional steel buyers and imports jumped on demand for higher-quality steel domestically.
Detailed explanation-2: -In April-July 2022, Indian steel imports increased by more than 3% y/y to 1.6 million tons.
Detailed explanation-3: -India Imports from China of Iron and steel was US$1.18 Billion during 2021, according to the United Nations COMTRADE database on international trade. India Imports from China of Iron and steel-data, historical chart and statistics-was last updated on February of 2023.
Detailed explanation-4: -China has remained the worlds largest steel producer in 2017 by producing 831.7 million tonnes (MT), according to a latest report published by World Steel Association (WSA).
Detailed explanation-5: -About. Overview In November 2022 India exported $34.8B and imported $58.2B, resulting in a negative trade balance of $23.4B. Between November 2021 and November 2022 the exports of India have increased by $3.11B (9.78%) from $31.7B to $34.8B, while imports increased by $5.46B (10.3%) from $52.8B to $58.2B.