India turns net exporter of finished steel in 2026

India exported 6.6 million tons of steel last fiscal year while imports dropped significantly. Crude production rose to 169.2 million tons amid higher demand.

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India has officially transitioned into a net exporter of finished steel for the fiscal year ending March 31, 2026. According to provisional government data, the nation's steel sector demonstrated significant growth in production and global trade reach over the 2025/26 period.

Steel bars are processed in a high-temperature furnace at an industrial facility located near Ahmedabad, India, during January 2026. REUTERS/Amit Dave/File Photo
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