Indian Finish Long Steel Imports Surge in Nov'19

Indian finish long steel imports increased by 79% M-o-M in Nov'19, as per the customs data maintained with SteelMint.

Finish long steel import registered at 31,693 MT in Nov'19, which is up by 79% as against 17,700 MT in Oct'19. On yearly basis imports surged by 45.54% in Nov'19 as against 21,776 MT in Nov'18.

As per customs data maintained with SteelMint, the major importer of finish long steel was TATA Steel with 16,535 MT (52.17%), out of 31,693 MT in Nov'19.

Under finish long steel commodities following HS codes has been considered - Bar & Rod (HS Code 7213 & 7214), MS Wire (HS Code 7217) along with Angle & Shapes (HS Code 7215 & 7216).

Commodity wise- Rebar imported by India stands at 20,421 MT in Nov'19 enlarged by 288% M-o-M as against 5,267 MT in Oct'19 followed by Wire Rod 7,418 MT in Nov'19 (-24.45%) as against 9,819 MT in Oct'19 & Structure (Angle/Channel) import was 3,855 MT in Nov'19 surged by 47.53% as compared to 2,613 MT in Oct'19.

Country wise- Singapore stood as top exporter of finished long steel to India and on a monthly basis exports registered at 16,535 MT in Nov'19, which was negligible in previous month followed by China 3,949 MT in Nov'19 (-7.8%) as against 4,283 MT in Oct'19 and South Korea 3,552 MT in Nov'19 (-15.5%) as against 4,203 MT in Oct'19.

Unload Port wise- South India's Kattupalli port is registered at 11,361 MT in Nov'19 enlarged by 435% as against 2,122 MT in Oct'19 followed by JNPT Port with 6,524 MT in Nov'19, up by 31.7% as compared to 4,951 MT in Oct'19 and Paradeep port registered at 6,023 MT in Nov'19.