India’s Steel Imports in FY’22

India’s steel imports fell by 6% year-on-year in FY’22 to around 3.74 million tonnes (mnt) from 3.98 mnt in FY’21, SteelMint data shows. Imports have been consistent over the last couple of years, although the numbers imports have fallen sharply compared to the 2017-19 period: for example, imports in FY’20 stood at 6.77 mnt, down from 7.84 mnt in FY’19 – a decrease of over 13%, as per Union Steel Ministry data.