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Indian Steel Imports in August 2018 - SteelMint Data

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Finish Flat
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17 Sep 2018, 16:48 IST
Indian Steel Imports in August 2018 - SteelMint Data

-Indian flat steel imports fell 15% M-o-M to 492,554 MT in August. Imports of HRC/Plates fell by 29% however CRC imports increased by 88%. Galvanized steel and coated imports fell by 14%. Major exporting nations like Japan ,South Korea and China are focusing on domestic sales over exports amid strong demand in their domestic market thus having limited allocations for export.This results to fall in imported volumes of steel to India.

- Indian finish long steel imports declined by 41% M-o-M to 31,087 MT in Aug'18. Rebar imports fell by 40% and wire rod by 18%

- India imported 1,797,619 MT Manganese ore during Jan-Aug'18, down 5% Y-o-Y. Falling imports can be attributed to rising imported ore price due to hike in Manganese alloys prices in China on the backdrop of the production cut.

India Steel Imports in August'18

Commodity Sub
Commodity
August'18 July'18 % Change
M-o-M
2018
(Jan-Aug)
2017
(Jan-
Aug)
%
Change
Y-o-Y
Finish Flat HRC/Plate 192,785 270,080 -28.62 1,681,854 1,687,095 -0.31
Electrical
Steel
120,563 137,922 -12.59 1,060,446 1,236,810 -14.26
Galvanized
Steel
116,717 135,979 -14.17 914,162 835,884 9.36
CRC 54,192 28,872 87.70 271,996 287,430 -5.37
Others 8,296 5,547 49.56 47,198 18,279 158.21
Total Finish Flat 492,554 578,400 -14.84 3,975,656 4,065,499 -2.21
Ferro Alloy Manganese Ore 263,150 269,012 -2.18 1,797,619 1,889,587 -4.87
Chrome Ore 9,120 10,134 -10.01 106,073 98,148 8.07
Total Ferro Alloy 272,270 279,146 -2.46 1,903,691 1,987,735 -4.23
Finish Long Rebar 13,460 22,288 -39.61 146,420 168,810 -13.26
Wire Rod 13,335 16,213 -17.75 122,816 108,892 12.79
Structure 4,292 13,758 -68.80 57,205 - 100.00
Total Finish Long 31,087 52,259 -40.51 326,441 277,702 17.55
Total
Ship Breaking
Ship
Breaking
147,289 107,765

36.68

1,614,686 1,710,405 -5.60

Fig in MT
Source-SteelMint Research

17 Sep 2018, 16:48 IST

 

 

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