+
India's April-Nov finished steel exports fall 55% YoY on low demand
Steel

India's April-Nov finished steel exports fall 55% YoY on low demand

According to the most recent government data, India's finished steel exports more than halved during the first eight months of the current fiscal year, which started in April.

Between April and November, finished steel exports fell by 55% to 4.3 million tonnes as a result of a slowdown in global demand and India's decision to tax some steel shipments.

The export tax was abolished by the government last month, but steelmakers and business leaders predicted that it would be difficult for mills to reclaim their previous markets, especially those in Europe.

India, the second-largest producer of crude steel in the world, was a net exporter of the alloy despite a decline in exports.

India imported 3.8 million tonnes of finished steel in the first eight months of its financial year, up 22.5% from a year earlier. Crude steel production jumped 5.6% to 81.9 million tonnes.

The country's finished steel output rose 6.4% to 77.7 million tonnes, while consumption went up by 12% to 75.3 million tonnes between April and November.

Also Read
Marquardt Group establishes global R&D centre in Pune
Sterlite Power to maintain Kishtwar Transmission in J&K

According to the most recent government data, India's finished steel exports more than halved during the first eight months of the current fiscal year, which started in April. Between April and November, finished steel exports fell by 55% to 4.3 million tonnes as a result of a slowdown in global demand and India's decision to tax some steel shipments. The export tax was abolished by the government last month, but steelmakers and business leaders predicted that it would be difficult for mills to reclaim their previous markets, especially those in Europe. India, the second-largest producer of crude steel in the world, was a net exporter of the alloy despite a decline in exports. India imported 3.8 million tonnes of finished steel in the first eight months of its financial year, up 22.5% from a year earlier. Crude steel production jumped 5.6% to 81.9 million tonnes. The country's finished steel output rose 6.4% to 77.7 million tonnes, while consumption went up by 12% to 75.3 million tonnes between April and November. Also Read Marquardt Group establishes global R&D centre in Pune Sterlite Power to maintain Kishtwar Transmission in J&K

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code