SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

India’s finished steel imports rise 34% in April-August 2024-25

04 Dec 2024 Evaluate

India has imported 3.72 million tonnes (provisional) of finished steel during April-August 2024-25 as compared to 2.78 million tonnes in April-August 2023-24, i.e. up by 33.9%. Furthermore, production of finished steel increased 5.4% to 58.92 million tonnes in April-August 2024-25 as compared to 55.91 million tonnes during the corresponding period of last year. 

Meanwhile, export of finished steel declined 39.6% to 1.91 million tonnes in April-August 2024-25 as against 3.17 million tonnes in April-August 2023-24. Finished steel consumption has registered a growth of 13% to 60.27 million tonnes in April-August 2024-25 as compared to 52.95 million tonnes during the corresponding period of last year. 

India is the world’s second largest crude steel producer with production of 144.3 million tonnes crude steel in FY 2023-24. India was net importer of finished steel during 2023-24 with export of 7.49 million tonnes and import of 8.32 million tonnes. During the current financial year i.e. April-October 2024-25 (provisional), import and export of finished steel was 5.77 million tonnes and 2.75 million tonnes, respectively.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: