• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

India’s Steel Imports At All-Time High

OMMCOM NEWS by OMMCOM NEWS
December 14, 2023
in Business

New Delhi:  India’s November steel imports was at an all-time high of 1.2 million tonnes for the data series available since CY06, Elara Securities said in a report.

CY23 YTD volume has reached a six-year high of 7.0mn tonnes. India has been a net steel importer for the third consecutive month in November. Thus, higher imports remain cause for concern for domestic steel prices, the report said.

However, steel prices in China have shown a positive trend in recent times, which should trim the price gap between India and imported steel products.

The absence of any major relief from elevated raw material prices should prompt steelmakers to sustain steel prices to safeguard profitability.

The World Steel Association (WSA) data shows global crude steel production saw a slight recovery of 1 per cent YoY to 150mn tonne in October, led by 3 per cent YoY rise in production for the rest of the world (ROW), even as China reported a fall of 2 per cent YoY.

On a monthly basis, production was slightly down, hit by 4 per cent MoM fall in China while ROW rose 4 per cent MoM.

India sustained its strong performance with double-digit production growth for the fifth straight month. In October, India’s crude steel production rose 15 per cent YoY and 3 per cent MoM.

As per provisional data, India’s crude steel production rose 13 per cent YoY but fell 3 per cent MoM in November, the report said.

(IANS)

ShareTweetSendSharePinShareSend
Previous Post

RS Adjourned For 3rd Time Today

Next Post

I Convinced The Team Management To Make Me The Captain, Last Year: Nitish Rana

Related Posts

RBI
Business

RBI Proposes To Allow Banks To Finance Corporate Acquisitions With Stricter Safeguards

October 25, 2025
Business

Gold Records First Weekly Loss After Nine-Week Surge

October 25, 2025
Business

Holiday-Truncated Week Sees Festive-Driven Optimism, All Eyes On India-US Trade Deal

October 25, 2025
Reliance Shares
Business

Reliance To Comply With US, EU Sanctions On Russian Oil

October 24, 2025
Business

Central Govt Employees Get Broader Range Of Investment Options Under NPS And UPS

October 24, 2025
PM Modi
Business

GST Bachat Utsav Transforms Into Rozgar Utsav: PM Modi

October 24, 2025
Next Post

I Convinced The Team Management To Make Me The Captain, Last Year: Nitish Rana

CISF Jawan hanging Rourkela

CISF Jawan's Body Found Hanging From Tree In Rourkela

Rajasthan: Congress Announces Candidate For Karanpur Seat

KHIMJI
OMC
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.