Mint Explainer | Why India’s steel imports are rising even as pipe exports boom
MUMBAI: The latest driver of India’s steel imports isn’t construction, automobiles or consumer appliances. It is an unlikely corner of the industrial economy: steel pipes. As governments across West Asia accelerate investment in oil, gas and water networks, Indian pipe makers are securing more orders for steel pipes. Many are also importing specialized steel to fulfil them, creating an unusual link between rising exports and rising imports.
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