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Market Chatter: India to Review Steel Import Trends Before Considering Further Curbs

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India will track steel import levels for at least two more months before deciding whether additional measures are required to curb cheap inbound shipments mainly from China, Reuters reported on Tuesday, citing a source familiar with the matter.

The country remained a net importer of finished steel for a second consecutive month in May, with imports reaching about 0.7 million metric tons, higher than the average seen over the previous six months. Finished steel exports in May stood at 0.5 million metric tons.

No decision has been made on additional measures, which could include anti-dumping duties or other trade measures, the report noted.

India's Ministry of Steel did not immediately respond to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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