India’s Country-wise Steel Imports in 2022

India’s steel imports were dominated by South Korea in calendar 2022 (CY22), reveals data maintained with SteelMint. At a hefty 2.40 million tonnes (mnt), this Southeast Asian country stole a march over the rest of the top four exporters to India – Japan, China and Russia. Japan came second but volumes fell short of South Korea by a whopping 1.70 mnt at 0.69 mnt. China was a close third to Japan with 0.65 mnt while Russia surprised with an almost five-fold increase to 0.35 mnt compared 0.06 mnt in 2021 and the minuscule 0.1 mnt it averaged over 2018-2021. India’s total steel imports in CY22 touched 4.91 mnt, up 25% compared to 3.94 mnt in 2021.