Gadchiroli pitched as Maharashtra’s future green steel hub India set to drive next global steel demand wave Italy crude steel output rises 3.1% in May Green steel progress remains slow worldwide
India’s finished steel trade has delivered a positive signal for the domestic steel industry. In FY26, the country became a net exporter of finished steel for the first time in three years, supported by stronger overseas shipments and lower imports. Finished steel exports rose 35.9% to 6.6 million metric tonnes, while imports declined 31.9% to 6.5 million tonnes.
The turnaround is important for Indian steelmakers, who had faced pressure from weak global demand and cheaper imports, especially after India became a net importer in FY24. Industry players have often raised concerns that free trade agreements with countries such as Japan and South Korea made imported steel more competitive in the Indian market.
To support domestic producers, the government had imposed a 12% safeguard duty on steel imports for 200 days in December 2025. The latest export recovery suggests improved momentum for India’s finished steel sector, though global demand, import pricing, and policy support will remain key factors for the industry’s future growth.
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