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12 Jan
12:07

Indian consumption accelerates, imports slump in December

Indian apparent finished steel consumption accelerated significantly in December, while imports slumped, bringing to an end seven consecutive months of growth. According to an Indian Joint Plant Committee (JPC) report seen by Kallanish, apparent consumption rose 6.2% on-year in December to 7.62 million tonnes, while imports fell -26.4% to 561,000t. Indian finished steel exports surged again in December, by 28.9% to 964,000t. December thus fell just short…
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