India’s country-wise stainless steel imports in FY’24

China was by far the top importer to India at over 665,000 t in FY’24 which constituted over 64% of total imports. The other top import destinations were South Korea, Vietnam and Japan. However, shipments from China fell by 9% y-o-y. Notably, imports from Indonesia decreased sharply by 65% and from Taiwan by nearly 70% on the year, which were partly filled by higher imports from Vietnam and South Korea.