10-Oct-2024
Key Highlights:
Were you aware? India is going through a change in the steel industry. From being a major importer of steel, the country is now acknowledged as a major exporter globally. India has been one of the world's largest steel producers for a long time, but it has only lately grown to be a significant exporter thanks to this spike in steel exports.
However, India's exports of steel and iron generated a net export value of over 13 billion dollars in the 2023 fiscal year. Value declined by 42% in comparison to the prior year. In this blog, we will talk about the increase in Indian steel exports. We will also look at data on steel exports, steel HS codes, a list of steel exporters in India, and data on steel export from India.
Here is an updated table for India steel export data!
|
Month |
Export of Steel from India (Million Metric Tons) |
HRC Price (USD/Tonne) |
HRC Price (INR/Tonne) |
|
January 2024 |
1.1 |
710 |
58,000 |
|
January 2023 |
0.67 |
- |
54,300 |
According to India steel export data, India's monthly steel exports hit an 18-month high of 1.1 million metric tons in January 2024 as a result of growing demand from the European Union and stable global prices.
Data from steel exporters indicates that in January 2023, 0.67 million metric tonnes of steel were exported.
Hot rolled coil (HRC) sold for USD 710 per tonne, or about Rs 58,000, globally, while it cost Rs 54,300 per tonne in India's trade segment.
Check out the top nations that export steel now!
Based on steel export data, the top 10 steel exporting countries, or steel export by country, are:
|
S.no. |
Top 10 Steel Exporting Countries |
Steel Export Data |
|
1 |
China |
88.3 billion |
|
2 |
India |
12.7 billion |
|
3 |
Japan |
7.2 billion |
|
4 |
United States |
6.9 billion |
|
5 |
Russia |
6.6 billion |
|
6 |
South Korea |
5.3 billion |
|
7 |
Germany |
3.5 billion |
|
8 |
Turkey |
3.2 billion |
|
9 |
Brazil |
2.8 billion |
|
10 |
Iran |
2.8 billion |
Therefore, China is regarded as the largest steel exporter in the world. Still, given shifting consumer preferences and economic conditions, this is a list of the top steel exporters, and it is subject to constant modification.
The increasing popularity of international trade will make the steel industry even more dynamic and integrated in the future. Whether you are a steel enthusiast or a company looking to grow, knowing which steel importers are the best and value of export of steel from India, Look into the Exportimportdata.in
From a single dashboard, you can quickly access the biggest steel exporters, India steel export data, steel HS codes, steel exporters in India, and steel export from India.
Now, it’s high time to explore the top exporters of steel in India!
The following is a list of the leading Indian steel exporters:
|
S.no. |
Steel Exporters in India |
Steep Export data |
|
1 |
Tata Steel Limited |
14 million |
|
2 |
Steel Authority of India Limited (SAIL) |
10 million |
|
3 |
JSW Steel Limited |
12 million |
|
4 |
ArcelorMittal Nippon Steel India |
11 million |
|
5 |
Jindal Steel and Power Limited (JSPL) |
5 million |
|
6 |
Vedanta Limited (ESL Steel) |
5 million |
|
7 |
Rashtriya Ispat Nigam Limited (RINL) |
3 million |
|
8 |
VISA Steel Limited |
2 million |
|
9 |
Godawari Power and Ispat Limited |
2 million |
|
10 |
NMDC Limited |
1 million |
One of the most well-known and respected steel producers and the largest exporter of steel in the world, Tata Steel Limited has operations in more than 25 nations, with its main hubs being the UK and the Netherlands, outside of India.
It is a leading Indian steel company that owns three special steel plants, one ferro alloy plant, and five integrated steel plants. By 2023, its yearly income had surpassed US$13 billion, making it among the top 3 steel exporters in India.
JSW Steel was founded in 1982 and is a part of the larger JSW Group conglomerate. With its main office in Mumbai, the company has expanded into several industries, such as sports, energy, paints, infrastructure, and cement.
4. ArcelorMittal Nippon Steel India
More than 600 different steel grades are produced by AM/NS India, which serves a variety of industries. The company has actively contributed to growth, innovation, and job creation while upholding sustainable business practices.
It is the leading steel exporters in India, providing a wide range of steel products that serve the extensive steel supply chain. In addition to steel, the group operates in India, Australia, and Africa and is present in the mining, power, and infrastructure sectors.
It is a major participant in India's expanding steel sector. Furthermore, the company intends to concentrate on ductile iron and long products, utilizing sustainability and product diversity as key components of its business expansion and growth strategy.
It is the first integrated steel plant located on the coast of the nation. Over the years, it has expanded from its initial 3 TPA liquid steel capacity plant to approximately 20 TPA, solidifying its ranking as one of India's top 10 steel companies.
Operating a special steel and stainless steel manufacturing facility in Kalinganagar, Odisha, VISA Steel is a prominent steel brand in the steel and ferrochrome manufacturing industry. In the same location, a 125,000 TPA Ferro Chrome plant has also been established.
Apart from being one of the top steel exporters in India, it is the third-largest producer of sponge iron derived from coal. Being an environmentally conscious company, GIPL uses sustainable best practices. Additionally, the business can generate power.
Apart from its primary mining activities, NMDC has also dabbled in steel manufacturing. The 3 MTPA integrated steel plant that NMDC is building in Nagarnar, Chhattisgarh, is a recent development that will greatly increase India's capacity for producing steel domestically.
Steel exporters in India are selling steel to many different countries. The following is a list of the top markets for steel export from India:
With 1.04 million metric tonnes imported in 2022–2023, Italy is now the largest importer of Indian steel.
In addition to the nations on the above list, a large number of developed and Middle Eastern nations ensure substantial steel exports from India to Indian steel exporters.
Moreover, Exportimportdata.in can give you the most recent information on buyers, suppliers, and specific steel HS codes for the products you are interested in, should you need precise details about the export of steel from India or steel import into India.
Check out Exportimportdata.in, our dedicated data-driven platform, to discover the world's leading steel importers and exporters.
Here on our dashboard, traders can easily access data on steel export from India, steel HS codes, steel exporters in India, importers in India, and a list of Indian steel exports. Explore our premium dashboard to get county-specific HS codes, updated steel export by country and global trade data for over 130 countries.
Though financial success is not guaranteed, India's steel exports have the potential to generate considerable profits. Sustaining low production and transportation costs along with competitive sales are critical components of success in this field.
Through leveraging opportunities and conquering obstacles, India can sustain its economic expansion and make a significant contribution to global infrastructure. India's steel exports provide an interesting look into the nation's rise to global prominence.
Get in contact with our experienced professionals to set up a free live demo if you have any questions about India steel export data, steel exporters in India, steel HS codes, or export of steel from India!
Steel hs code: 72139990 Steel hs code: 72109090
steel export from India to China
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Tata Steel Limited is the largest exporter of steel in the world, operating in more than 25 nations. Its total export value of steel in 2023 was $1,399,694,659.
China accounted for US$88.3 billion in steel exports, making it the largest steel exporter in the world.
With a trade deficit of 1.1 million tonnes, India has shifted from being a net exporter to a net importer of steel in fiscal 2024.
China has been India's top exporter of finished steel, with South Korea and Japan coming in second and third.
TMX steel, structural steel, mild steel, stainless steel, high-yield deformed steel, and TMT bars are a few varieties of high-quality steel.
Tata Steel is regarded as a stalwart. Other top steel companies in India are Steel Authority of India Limited, Jindal Steel and Power Limited, and JSW Steel.
China is the world's biggest producer of steel, making up nearly half of the global output. Other significant steel-producing nations include the US, South Korea, Japan, India, and Russia.
