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China top buyer of Indian steel under lockdown

In the first two months of the current fiscal, Indian exports of finished steel reportedly grew by almost 76 per cent on a YoY basis and China alone accounted for close to 60 per cent of the increase. In April and May, while India was under curbs to contain the COVID-19 pandemic, China emerged as the most important export destination for steel companies, accounting for about 48 per cent of total steel exports. According to Joint Plant Committee (JPC) data, finished steel exports to China ...
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