Steel Exports

The Indian steel industry must diversify, look for new export markets, and accelerate decarbonisation to remain globally competitive, a government official said on Thursday. The trade landscape is shifting as many countries are taking protective measures to safeguard their industries, Ashwini Kumar, Economic Advisor, Ministry of Steel, said. "Indian steel industry must accelerate decarbonisation, strengthen technology and R&D, and diversify its export markets to remain globally competitive amid a rapidly shifting trade landscape shaped by carbon border measures and tariff actions," he said addressing ASSOCHAM's India Steel Conclave 2026 in the national capital. The US and the EU have both taken measures to support their industries. While the US have invoked Section 232, the EU has introduced measures like CBAM (Carbon border adjustment mechanism) to avoid steel manufactured through high-carbon-emission processes. CBAM means that market access in high-value destinations will ...

Indian exporters will be able to ship over 11 lakh tonnes of steel annually to the UK duty-free under the free trade agreement, which came into force on Wednesday, through a combination of country-specific and residual quotas, an official said. The UK's March steel safeguard measures had become a major sticking point in implementing the Comprehensive Economic and Trade Agreement (CETA), which was signed on July 24, 2025. The resolution of the issue has paved the way for the implementation of the agreement from July 15. Overall, 188 steel items accounting for USD 137 million worth of steel exports from India to Britain were covered by these safeguard measures. India's total steel exports were USD 960 million in 2025. To protect the interest of our exporters, India engaged extensively with the UK side to mitigate the impact of the steel measure on India's exporters. Based on the consultations with stakeholders, India requested the UK for enhancing quota for India under the steel ...

A higher tariff-rate quota secured under the India-UK trade pact is expected to lift India's annual duty-free steel exports to the UK to around $1 billion

India and the UK are discussing Britain's upcoming carbon border tax as exporters seek clarity on its impact on steel and other carbon-intensive shipments

ICRIER says the EU's Carbon Border Adjustment Mechanism could cut India's steel exports by 24 per cent and have only a marginal impact on global carbon emissions

India's finished steel consumption rose 7 per cent to 164 million tonnes in 2025-26, supported by strong demand from infrastructure, construction and manufacturing sectors

AMNS India has begun work on a Rs 1.36 trillion steel plant in Andhra Pradesh, with plans to serve domestic demand and tap export markets through phased expansion

India's crude steel ​production increased 11.2 per cent year-on-year to 153.61 million ‌metric tons over the same ​period

The comments come days after India and the EU signed a trade deal, which ​slashed tariffs on several sectors but left the bloc's carbon border tariff, called Carbon Border Adjustment Mechanism, intact

Companies secure emissions verification, shift to low carbon routes even as lawyers flag risks for small exporters

Global oversupply and Chinese exports continue to weigh on prices, but strong domestic demand and expected duty support could help stabilise Indian steel prices by the final quarter of FY26

The Steel Ministry has eased import procedures by removing NOC requirements for non-QCO grades, extending multiple exemptions to March 2026 and launching SARAL SIMS to simplify registration for MSMEs

India's crude steel production in October stood at 14.02 million metric tons, up 9.4 per cent from a year earlier, according to the data

India can mitigate the impact of high tariffs in global markets by exporting high-value cold-rolled steel components and other value-added items that face lower duties, said Dhirendra Sankhla, Director of Mother India Forming (MIF) -- a manufacturer of customised steel tubes and profiles. The United States has increased tariffs on Indian steel to 50 per cent, while the European Union is proposing new tariffs, creating a ripple effect across the global steel trade and causing uncertainty for countries like the UK. "The world challenged India with 'Make in India', and Indian manufacturers responded with the 'Made in India' benchmark, meeting global quality and delivery standards. By converting steel volume into precision-formed components, India is no longer just a steel producer, it is a solutions provider for the world," Sankhla said. Cold-roll sheet forming converts steel coil into engineered profiles, tubes and components that are often classified differently for trade purposes, .

Indian steel producers are raising concerns over subsidised imports from China, Vietnam and South Korea, saying low-priced inflows are dragging domestic prices

Demands include zero duty on natural gas, use of District Mineral Foundation and CAMPA funds

The steel industry has agreed to supply the metal to micro, small and medium enterprises (MSMEs) at rates on par with export prices, a top government official said on Tuesday, allaying concerns that a safeguard duty imposed on certain import products will have adverse impact on small enterprises. The government on Monday imposed a 12 per cent provisional safeguard duty for 200 days on five steel product categories, including hot rolled coils, sheets and plates, to protect domestic players from surge in imports. The decision came following a recommendation from the commerce ministry's investigation arm DGTR. For each product, a threshold import value has been notified. If imports arrive at a value lower than the threshold, the duty becomes applicable. These steel products are used as inputs by domestic manufacturers of various sectors, especially those engaged in manufacturing of engineering goods. Talking to reporters here on Tuesday, Steel secretary Sandeep Poundrik said, "As far

The finance ministry excluded developing countries from the safeguard duties other than China and Vietnam

Despite near-term challenges such as high imports and lower realisations, the long-term outlook for Tata Steel remains positive, analsyts at Motilal Oswal said

Unless Beijing rips up its current playbook and decides to re-inflate the housing market or splurge on infrastructure, then steel consumption in China is in long-term decline