For the current fiscal year starting from April 1st, it is expected that India's steel product imports will be around 5 million tons, mainly flat steel products. Government data shows that this will be approximately 1 million tons lower than the previous fiscal year and a 36% decrease from the six year high in 2018-19.
Due to the fact that Asian giants have started to reduce production, leading to a decrease in exports, supply from some Asian countries should slow down in the second half of this fiscal year.
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