Indian steel mills raise red flag over rising imports
Indian Steel Association — an industry body of India’s steel makers including SAIL, Tata Steel, JSW, JSPL and others — has flagged the issue of rising imports, especially from countries like Japan and Korea, impacting steel price and demand both within the country and across key export markets. Imports during the April to December period increased […]
India imported 25.97 million kg of tea in 2021-22
Imports of tea into the country made up 1.93 per cent of the total domestic production of 1,344.40 million kg in the 2021–22 fiscal, Union Minister of State for Commerce and Industry Anupriya Patel told the Lok Sabha today. Imports of tea were 25.97 million from other origins, she said, responding to a query on […]
China’s cabinet said it will promote consumption recovery, boost imports to drive economy
A statement from China’s State Council over the weekend reported via state broadcaster CCTV. In brief: Statement came after a meeting chaired by Premier Li Keqiang said it would promote a consumption recovery as the major driver of the economy would boost imports to quicken the rollout of foreign investment projects to maintain a stable […]
NZ Dec. trade data: Exports NZD6.72bn (prior 6.68bn) & Imports NZD7.19bn (prior 8.54bn)
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Japan December Exports +11.5% y/y (expected +10.1%) Imports +20.6% (expected +22.4%)
Trade data from Japan for December 2022. Trade balance Y -1.44bn expected Y-1.65bn, prior Y-2.03bn for the year as a whole, the trade deficit is the highest ever at 19.97tln yen Exports +11.5% y/y expected +10.1%, prior +20.0% this is the 22nd consecutive monthly gain Imports +20.6% y/y more to come Exports to: the US […]
China Dec trade USD terms: Exports -9.9% y/y (expected -10.0%) Imports -7.5% (-9.8%)
Exports USD terms -9.9% y/y forecast was -11.1%, previous -8.7% Imports -7.5% y/y expected -9.8%, previous -10.6% Trade Balance USD 78bn surplus expected $76.20bn, prior $69.84bn – Yuan terms also … Exports -0.5% y/y Imports 2.2% y/y Trade Balance 550.1bn — For 2022 as a whole exports rose 4.3% and imports +10.5% ADVERTISEMENT – CONTINUE […]
India turns net importer of steel in Q3FY23
India turned net importer of steel for Q3FY23 (Oct–Dec), with imports outstripping exports by 7,06,000 tonnes. This is the first quarter in over two years in which India has turned net importer. For Q3FY23, steel imports were pegged at 18,46,000 tonnes against 11,40,000 tonnes of exports, a report of the Union Steel Ministry, accessed by […]