India became a net exporter of steel in FY26, with exports rising 43 per cent led by strong dollar while imports contracted by 15 per cent due to safeguard duty. According to data sourced from trade intelligence firm BigMint, total exports stood at 8.77 million tonne (mt) in the fiscal ending March 31 compared with 6.1 mt the year before. Moreover, major producers such as Tata Steel, JSW Steel and SAIL expanded capacity, making more volume available for sale in the local market. India’s total steel capacity stood at about 220 mt. A key feature of steel exports was the jump in finished steel exports, such as hot rolled coil, plates, galvanised steel, pipes and tubes.

Source: The Telegraph April 10, 2026 06:47 UTC