Finished steel imports fall 11.3% in Apr

INDIA'S FINISHED STEEL imports fell 11.3% year-on-year in April to 0.5 million tonne following a decline in shipments from China and Japan, according to provisional government data reviewed by Reuters on Thursday.

- NEHA ARORA

India, the world's second-biggest crude steel producer, had in April imposed a 12% temporary tariff on some steel imports, locally known as a safeguard duty, to curb a surge in cheap shipments primarily from China.

Finished steel shipments from China fell to 0.1 million tonne in April, down 26.5% from a year ago.

Imports from Japan dropped to around 85,600 tonne, down 60% from a year ago, the data showed.