Exports and Imports of Steel

India is currently the fourth-largest producer of steel after China, Japan and the US.  India was the world’s eighth largest steel importer in 2015.In the year 2016 India imported 7.8 million metric tons of steel, a 19.1 percent decrease from 9.6 million metric tons in 2015. India’s steel imports represented 4 percent of all steel imported globally in 2015.

India Exports of Iron & Steel: Exports of Iron & Steel in India decreased to 833.59 USD Million in 2016 from 3177.14 USD Million in 2015. India became net steel exporter in 2013-14 after a gap of six years. India, now the world's fourth largest steel maker, had been a net steel importer since 2007-08 and the trend continued till 2012-13 with 7.9 MT of imports and 5.2 MT of exports. Before 2007-08, India's exports were more than its imports.India's steel exports represented 2% of all steel exported globally in 2015.The volume of India's 2015 steel exports was one-sixteenth the size of the largest exporter, China. In volume terms, steel represented just 2.3% of the total amount of goods India exported in 2015.In 2013 India's imports have grown 4% overall. India is still seen as an importing country.India became the 3rd largest producer of steel in 2015 and is now well on track to emerge as the 2nd largest producer after China. The overall crude steel production in the month of February 2017 witnessed the rise of 8.5%.

Steel Top Imports Partners:  Canada, Mexico, India, China, Belgium, Dominican, Republic, Brazil, Venezuela, Germany

Steel Top Export Partners:  China, India, USA,

India’s crude steel production grew by 7.4 per cent year-on-year to 95.6 Million Tonnes (MT) in 2016. Total production of crude steel during February 2017 grew by 8.5 per cent year-on-year.

India’s steel exports grew 150.0 per cent year-on-year to 0.75 MT in February 2017, while steel imports declined 46 per cent year-on-year. Total consumption of finished steel grew by 3.4 per cent year-on-year to 76.22 MT during April 2016-February 2017.

India's top export destinations: Nepal, UAE, USA, Iran, Italy, Bangladesh, Belgium, Sri Lanka, Iraq, Saudi Arabia

China is the world’s largest steel exporter.  In 2016, China exported 106.6 million metric tons of steel, a 3.1 percent decrease from 110 million metric tons in 2015.

India will be on a FastTrack growth path in steel production to be the second-largest steel producer within a few years.India has become a net exporter of steel in 2016-17 as imports fell gradually.

According to provisional data, imports of total finished steel stood at 7.42 mt in 2016-17, declining by 36.6 per cent from 11.71 mt of imports in 2015-16. Imports in the last month at 0.8 mt were down by 19.7 per cent over the corresponding month of previous fiscal, but up by 51.8 per cent over February 2017.

Steel Imports Products imported  by Country wise