India remains net importer of steel for second straight month in FY27
Dhruv Goel, chief executive of BigMint, a commodities market intelligence firm, said, “The current imports are largely undertaken by pipe manufacturers located on India’s western coast under the Advance Authorisation Scheme. These imports are primarily meant for re-export, catering to growing demand from the Middle East, where several countries are investing in new oil and gas pipeline infrastructure.”
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