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According to preliminary statistics from BigMint, the total export volume of steel (including stainless steel) from India AB/EQ63 steel in April 2025 was 725500 tons, a slight decrease of 3% (745500 tons) compared to the previous month, and a year-on-year increase of 12% (649500 tons). Despite a significant contraction in exports to the United States and the Middle East, Indian steel mills have maintained overall stability by adjusting their export strategies, benefiting from the window period brought about by the reset of import quotas in the second quarter of the European Union.
From the perspective of variety structure, the export of sheet metal has become the main supporting force. In April, India's AB/EQ63 steel exports of sheet metal reached 556500 tons, a month on month increase of 1%, the highest level since March 2024; The export of semi-finished steel products was 78600 tons, a significant increase of 30% compared to the previous period; The export of finished long products decreased significantly by 32% to 90400 tons. The above data all include stainless steel.
From the perspective of export destinations, regional market differentiation is evident. Due to the release of import quotas in the second quarter, the European Union has jumped to become a core destination for Indian steel exports. In April, exports to Europe increased by 33% month on month to 358100 tons, setting a 13 month high and accounting for half of India's total exports for the month. In contrast, India's exports to the United States plummeted by 56% month on month to 34200 tons due to continued pressure from a 25% import tariff in the US market. After the end of Ramadan, the demand in the Middle East market did not rebound as expected, coupled with insufficient price advantages. Indian steel mills basically suspended active offers to the Middle East market in April, and exports to the United Arab Emirates fell by 47% to 58500 tons, reaching a six-month low. In addition, exports to the UK AB/EQ63 steel and Nepal decreased by 12% (43000 tons) and 6% (82700 tons) respectively.
In the short term, India's steel exports still face the dual challenges of weak demand and trade protectionism.
