JSW Steel rises 2% on gas supply worries HSBC raises Tata Steel target to ₹250 British Steel to supply 120,000 mt billet to Nigeria ₹3,200 crore Tata Steel EAF starts in Ludhiana
India has regained its status as a net steel exporter after two years, supported by a sharp decline in imports and steady overseas demand.
According to official data, finished steel imports fell by around 40% in April–July 2025 compared to the same period last year. Shipments from major suppliers such as China and Japan recorded steep drops, while domestic steelmakers increased output to meet both local and export demand.
At the same time, exports held steady, driven by orders from markets in Europe, the Middle East, and Southeast Asia. The decline in imports was aided by government measures, including higher duties on select steel products and initiatives to boost domestic manufacturing capacity.
Industry analysts say this shift strengthens India’s trade balance in steel and reduces dependence on foreign supplies, aligning with the government’s push for self-reliance in key industrial sectors.
Also Read : LMEL Commissions 360K MT Sponge Iron Plant in Maharashtra EEPC India Urges Inclusion of Steel and Aluminium in US Trade Deal
The United States has granted GlobalFoundries $1.5 bn to bolster domestic semiconductor manufacturin...
US 20-Feb-2024
The Orissa High Court has extended interim protection to Tata Steel in a high-value dispute over all...
Construction 26-Nov-2025
India’s steel demand is projected to grow by 9% in FY 2025–26, driven by robust infrastr...
India 14-Oct-2025
Bokaro Steel Plant (BSL) has added another feather to its cap by becoming the first Steel Authority...
Mid Corporate 27-Feb-2024
Glencore announced on Monday its intention to divest its stake in Koniambo Nickel SAS (KNS) in New C...
Europe 12-Feb-2024
The outlook for iron ore has dimmed today, driven by significant changes in China's inventory levels...
Raw Material 12-Aug-2024