 "steel, steel industry")
Indian steelmakers are eyeing stronger growth this financial year (FY26), supported by the recent safeguard duty on imports and improved steel spreads. However, China remains a wildcard.
Steel imports started dropping in the lead-up to the government’s provisional safeguard duty – a measure aimed at protecting domestic producers from a flood of cheap imports.
Data from price reporting and market intelligence firm BigMint showed that India’s steel imports fell 21 per cent year-on-year (Y-o-Y) in January-April 2025 to 2.85 million tonnes (mt). Imports from China stood at 1.11 mt in the same period previous year, which reduced to 0.50
