Japan, South Korea tighten grip over Indian steel imports

摘要

Japan and South Korea strengthened their grip on the Indian steel market in April, supplying nearly three-fifths of the total imports, according to government data seen by Reuters. The increasing inroads the foreign steelmakers are making will add to pressure on the Indian government to take protectionist measures to support local mills. Indian steelmakers have been lobbying New Delhi for such backing in recent weeks.