Cheap Imports

In November 2024, the per tonne prices of flat steel products, both HRC (hot rolled) and CRC (cold rolled), stayed flat month-on-month (M-o-M) at Rs 48,000 and Rs 55,500

Economic discontent towards China has intensified in Southeast Asia as Chinese companies with surplus inventory are selling goods at give-away prices

India is studying options to resume imports of oil from Venezuela after purchases stopped in late 2020

Pound's 20% drop against rupee in less than a year to force UK-based exporters to cut prices