India’s steel exports (including stainless steel) climbed up by a strong 31% y-o-y to 5.77 million tonnes (mnt) in April-November 2025 (8MFY’26), as per provisional data maintained by BigMint. Pre-emptive restocking by EU-based buyers was the primary trigger, with cost concerns emerging ahead of the phase-in of Carbon Border Adjustment Mechanism (CBAM) from 1 January 2026.
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