Indian steelmakers grapple with resurgence of cheap Chinese imports

China’s finished steel exports to India more ?than doubled in April to the highest in at least ?two years, sparking worries among the latter’s steelmakers that despite ?the imposition of import tariffs they will be swamped by cheaply priced products. Provisional Indian government data reviewed by Reuters showed China shipped in around 232,000 metric tons ?of finished steel in April and emerged as the top exporter of such steel to the South Asian nation. That is despite ?India, the world’s second-biggest crude steel producer, imposing import tariffs in ?December ?on some grades for a period of three years that ?had…