News / Cheap Chinese steel floods into India, spelling disaster for its ship breakers

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India’s imports of cheap Chinese steel between April 2014 and January 2015 were almost treble those of the previous fiscal period.

The country imported more than 2.9m tonnes, exerting more downward pressure on the scrapping rates offered by Indian ship-breaking yards.

Confirmation of the massive increase in steel billets from China came in a written reply to a question in the Indian parliament’s lower house, the Lok Sabha, this week, prompting calls for the introduction of punitive duties or even a temporary ...