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Home > All news > Export Import, Report & Analysis > At 4.7 mt, India’s steel imports up 41% in H1, exports decline 36% to 2.3 mt

At 4.7 mt, India’s steel imports up 41% in H1, exports decline 36% to 2.3 mt

October 8, 2024
Reading Time: 2 minutes
India’s steel trade deficit soars to ₹26,468 crore as imports from China surge, export challenges persist

New Delhi - India was a net importer of steel for the first half of FY25, with import of the metal standing at 4.7 million tonnes (mt) – up 41 per cent y-o-y – while exports dipped to 2.3 mt, down 36 per cent. Import was more than double that of exports at 2.4 mt, per an internal report of the Union Steel Ministry.

The country was a net exporter of steel by 0.3 mt  in the year-ago period (6MFY24) with imports being at 3.3 mt and exports at . . .

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Disclaimer: This information has been collected through secondary research and Daily Shipping Times is not responsible for any errors in the same.

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