Posco, Hyundai Steel May Be Caught Up In India’s SIMS — Panjiva
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Posco, Hyundai Steel May Be Caught Up In India’s SIMS

India 468 Materials - Metals/Mining 712 Metals - Steel 483 South Korea 553 Tariffs 1771

India’s Commerce Ministry has launched a Steel Import Monitoring System to closely track changes in steel shipments. The move comes against the backdrop of a widening globally of steel protectionism which was kicked off by America’s section 232 duties in March 2018. India’s steel imports climbed 10.0% year over year in 2Q 2019, led by a 32.3% surge in shipments from South Korea as well as growth in imports from the U.S. and Indonesia. Panjiva’s shipping data indicates the largest exporter from South Korea to India in the 12 months to June 30 may have been Posco Steel with $745 million de...

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