India witnessed an 11.3% year-on-year decline in finished steel imports in April,owing to a 12% temporary import tariff aimed at curbing low-cost steel inflows. 

May 22, 2025

India witnessed an 11.3% y-o-y decline in finished steel imports in April, with volumes decreasing to 0.5 million metric tons, according to preliminary government data obtained by Reuters. This decline post the imposition of a 12% temporary import tariff aimed at curbing low-cost steel inflows in the country from other countries like China and Japan. 

Imports from China plunged sharply by 26.5% to 0.1 million metric tons, while steel shipments from Japan decreased  60% to about 85,600 metric tons. On the contrary, imports from France and Germany surged unexpectedly during the same period.

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In terms of production, India, which ranks as the world’s second-largest producer of crude steel, produced 12.4 million metric tons of finished steel and 12.9 million metric tons of crude steel in April.