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Enhanced global steel trade monitoring
Steel Imports Report: India
Background
India was the world’s fifteenth-largest steel importer (2017). In 2018, India imported 8.95 million metric tons of steel, essentially unchanged from 8.89 million metric tons in 2017. India’s imports represented about 2 percent of all steel imported globally in 2017. The volume of India’s 2018 steel imports was slightly over one-quarter that of the world’s largest steel importer, the United States. In value terms, steel represented just 1.7 percent of the total goods imported into India in 2018.
India imports steel from over 160 countries and territories. The ten countries labeled in the map below represent France’s top sources of steel in 2018, together accounting for 85 percent of steel imports.
India has experienced periods where it is a net importer of steel, such as between 2014 and 2016, and periods where it is a net exporter of steel, such as in 2011 or 2017. As of 2018, India is a net exporter of steel mill products, with a surplus of nearly 1.7 million metric tons, though this is down from a surplus of 7 million metric tons in 2017, as India’s exports of steel have decreased significantly since peaking in Q1 2017. India’s steel imports have been relatively flat, increasing just 8 percent from 2009 to 2018, while exports increased 101 percent over the same period.
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