From The Economic Times · PTI · · 1m 10s
India Imports Finished Steel Worth Rs 36k Crore
India remains net importer of finished steel in April-August, buying Rs 36,193.9 crore worth of commodity.
In brief
India remains net importer of finished steel in April-August, buying Rs 36,193.9 crore worth of commodity. India imported finished steel worth Rs 36,193.9 crore in April-August, remaining a net importer despite export growth. Originally reported by The Economic Times.
India's Steel Imports
India imported finished steel worth Rs 36,193.9 crore during April-August of the current fiscal, remaining a net importer of the commodity.
“India imported finished steel worth Rs 36,193.9 crore in April-August this fiscal, and remained a net importer of the commodity during the period.”
Top Import Sources
China, Korea, Japan, Indonesia and Vietnam contributed significantly to the total 3.487.3 million tonne finished steel imports, up 29.5 per cent from April-August FY26.
Import Value Increase
The cost of inbound shipment of finished steel to India was Rs 36,193.9 crore, 38.3 per cent higher than Rs 26,172.6 crore in the year-ago period.
August Import Data
In August alone, India imported 0.72 million tonnes of finished steel worth Rs 7,863.1 crore, 9 per cent higher than August 2025.
Export Growth
India's exports of finished steel rose 34.1 per cent year-on-year to 2.98 million tonnes worth Rs 23,646.6 crore from April-August FY26.
Top Export Destinations
Vietnam was the top export destination, followed by UAE, Italy, Belgium and Nepal for India's finished steel exports.
The key point
India imported finished steel worth Rs 36,193.9 crore in April-August, remaining a net importer despite export growth.
