Preliminary data from BigMint showed that India’s steel exports, including stainless steel, increased by 22% year-on-year during April–August 2025, reaching 3.2 million tons.
The growth was driven by higher exports of hot-rolled coil/sheet, up 12% to 0.67 million tons; pipes, up 26% to 0.8 million tons; and long products, up 26% to 0.29 million tons. Meanwhile, exports of cold-rolled coil (CRC) declined by 10% to 0.19 million tons. Stainless steel exports in the period rose slightly by 2% to 0.3 million tons.
The European Union was the largest destination for Indian steel during the period, with imports up 32% year-on-year to 1.37 million tons, supported by buyers’ concerns over the upcoming implementation of the Carbon Border Adjustment Mechanism (CBAM).
By contrast, shipments to the Middle East remained limited due to weak summer demand and continued dominance of Chinese suppliers in the regional market.
It is worth noting that India reached its target steel production capacity of 205 million tons per year in FY 2024/2025 and is steadily moving toward its strategic goal of 300 million tons annually by FY 2030/2031.
