India’s Finished Steel Exports Rise 36.6% to 6.02 Million MT in April–February

India’s steel sector recorded strong export growth during the current financial year, supported by rising production and steady domestic demand. 

Steel Exports Register Strong Growth 

India exported 6.02 million metric tons of finished steel during April–February, marking a 36.6% increase year-on-year, according to provisional government data reviewed by Reuters. 

The export performance reflects improved output levels from domestic steel producers during the period. 

Imports Decline Significantly 

During the same period, India imported 5.6 million metric tons of finished steel, representing a 37.4% decline compared with the previous year. 

The data indicates a sharp contraction in inbound shipments even as exports gained momentum. 

Production and Consumption Increase 

India’s crude steel production rose 11.2% year-on-year to 153.61 million metric tons during April–February. The country remains the second-largest crude steel producer globally. 

Domestic demand also expanded, with finished steel consumption increasing 7.2% to 147.7 million metric tons during the same period. 

Read More: Tata Steel, SAIL and Hindalco fall as Nifty Metal drops 4% amid West Asia tensions! 

Conclusion 

The government is expected to release detailed country-wise steel trade data later in the month, providing further insights into export destinations and import sources. 

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