India increased steel exports by 24% m/m in September

In September 2025, India increased its steel exports (including stainless steel) by 24% month-on-month to 1.07 million tons, the highest volume recorded since March 2024, according to BigMint.

Compared to September 2024, these volumes have almost doubled.

In particular, exports of flat carbon steel products in September increased by 24% compared to the previous month to 0.86 million tons, with hot-rolled coils accounting for almost half of the volume – 0.41 million tons (+50% month-on-month).

Over the past two months, steel exports from India have accelerated mainly due to active restocking in the EU amid concerns about new trade policies and higher procurement costs following the introduction of CBAM.

In September 2025, Indian steel supplies to the European Union, the main buyer, increased to 0.6 million tons (+12% compared to the previous month). The UAE and the UK ranked second and third among the largest importers.

At the end of the first half of the 2025/2026 financial year (April-September), steel exports from India amounted to 4.43 million tons (+40% year-on-year).

Exports of hot-rolled products for the period increased by 56% year-on-year to 1.12 million tons. Supplies to the European Union in April-September increased by 69% year-on-year to 2.1 million tons.

The stability of India’s exports and future growth in their volume, BigMint notes, remains in question, and the main factor will be changes in EU trade policy and the introduction of CBAM.

India reached its target steel production capacity of 205 million tons per year in the 2024/2025 financial year, according to a report by MP Financial Advisory Services. The country is confidently moving towards its strategic goal of 300 million tons per year by the 2030/2031 financial year.