India’s Steel Imports 2024–25: Who Supplies the Most?

India's steel import volumes witnessed a notable rise in FY 2024–25, reaffirming the nation’s dependence on global steel supply chains. According to the latest data, India imported over 10 million metric tonnes of finished steel, registering a 9% year-on-year growth.

Top Steel Exporting Countries to India (FY 2024–25)
Rank    Country    Import Volume (MMT)    Market Share (%)
1    South Korea    2.8    29%
2    China    2.5    26%
3    Japan    2.0    21%
4    Vietnam    0.95    10%
5    Russia    0.6    6%
6    Indonesia    0.5    5%
7    Taiwan    0.45    4%
8    UAE    0.4    4%
9    Germany    0.35    3%
10    France    0.3    3%

Source: Ministry of Steel, FY25 Provisional Data

🔍 Key Observations:
South Korea leads India’s steel imports, especially in flat steel and automotive-grade CR coils.
China continues to be a dominant supplier in coated and construction-grade products.
Rising imports from Vietnam and Indonesia point to shifting sourcing dynamics in Southeast Asia.
🔧 Strategic Impact on the Indian Steel Sector:
With rising domestic demand and evolving trade routes, India’s reliance on imported steel—especially for high-grade and specialty categories—remains significant. Importers, service centers, and manufacturers must realign procurement strategies, monitor global steel pricing trends, and leverage digital platforms like SteelBazaar for transparent sourcing and competitive pricing.

🧠 The SteelBazaar Advantage:
SteelBazaar provides real-time access to over 25,000 SKUs across categories, connects buyers with verified sellers, and integrates smart procurement tools to optimize cost and delivery for Indian steel buyers.

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