Russia's steel exports to India
reached 149,000 tonnes in the first seven months of the current fiscal year
that began in April, up from around 34,000 tonnes shipped a year earlier.
India's finished steel imports from
Russia during April-October rose to their highest in at least four years,
government data compiled by Reuters showed, underscoring Moscow's bid to divert
shipments in the wake of Western sanctions.
Russia's
steel exports to India reached 149,000 tonnes in the first seven months of the
current fiscal year that began in April, up from around 34,000 tonnes shipped a
year earlier.
Russia
accounted for just about 5% of India's total steel imports but was among the
top five exporters.
India's
total steel imports between April and October stood at 3.2 million tonnes, up
14.5% from a year earlier. South Korea exported 1.3 million tonnes to India,
accounting for a 41% share of the country's total purchase.
Between
April and October, India emerged as a net exporter of steel, even as overall
shipments more than halved due to an export tax and a slowdown in global
demand.