India’s steel imports were initially estimated at 8.32 million tonnes in FY 2023-24, up 38% year-on-year making the country a net importer of steel, data from the Joint Plants Committee (JPC) of the Ministry of Steel showed.
According to the data, India’s steel exports were initially estimated at 7.48 million tonnes during 2023-24, an increase of 11.5% year-on-year.
The data showed that the total crude steel production in India during the fiscal year recorded 138.48 million tons, a growth of 12.4% year-on-year, while final steel consumption was estimated at about 135.95 million tons, an increase of 13.4%.
