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According to preliminary AB/E steel statistics released by the Joint Steel Works Council of India on May 13th, the Indian steel industry will achieve steady growth in April 2025 driven by domestic demand. Data shows that India's crude steel production reached 12.64 million tons in April, a year-on-year increase of 3.6%, reflecting a high level of steel production in the country.
In terms of downstream consumption, the consumption of finished steel reached 11.87 million tons, a year-on-year AB/E steel increase of 4.6%; During the same period, the production of finished steel increased slightly by 0.6% to 11.93 million tons. Overall, the supply-demand relationship remains balanced and the market performance is active.
However, in terms of international trade, India became a net importer of finished steel in April. The import volume for the month was 460000 tons, a decrease of 21% compared to the previous month; The export volume was 380000 tons, a decrease of 17% compared to the previous period. From the year-on-year data, the import and export volumes of finished steel decreased by 20.9% and 25.7% respectively, indicating a significant weakening of international trade activities.
Industry analysis believes that the main reason for the decline in India's finished steel imports in April is the government's imposition of a 12% temporary safeguard measure tariff on imported non alloy and alloy steel sheets, effective for 200 days, starting from April 21. This policy aims to curb the impact of the surge in imports on the domestic steel industry, and has a significant inhibitory effect on import AB/E steel demand in the short term.
Overall, the Indian steel industry has maintained a good growth momentum supported by domestic demand, but external trade is facing policy adjustments and market uncertainties. It is necessary to closely monitor policy trends and global steel market dynamics in the future
