India remains net importer of steel in Apr-Jan; imports surge over 20 pc to 8 MT

India remained a net importer of steel, with a notable 20.3% increase in imports, reaching 8.29 million tonnes from April to January this fiscal year. Meanwhile, steel exports fell by 28.9% to 3.994 million tonnes. Industry leaders raise concerns about the impact of increased imports, particularly from China, on competitiveness, urging higher customs duties on stainless steel products.