Indian steelmakers face challenges as Chinese finished steel imports surge, undermining local industry despite existing tariffs.
China's finished steel exports to India more than doubled in April to the highest in at
least two years, sparking worries among the latter's steelmakers
that despite the imposition of import tariffs they will be
swamped by cheaply priced products.Provisional Indian government data reviewed by Reuters
showed China shipped in around 232,000 metric tons of finished
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The small ancillary units that depend on steel and aluminium exporters for their income are especially hard hit.
