India’s HRC market was also supported by changing trade flows as domestic production increased 9.1% y-o-y to 41.9 mnt during January-August 2026, while apparent consumption rose 7.8% to 42.0 mnt. Imports declined 8.6% to 1.60 mnt over the same period, reducing the share of overseas material in the domestic market. Exports expanded much more rapidly. Overseas shipments reached 2.30 mnt during the first eight months of the year, up 142.1% y-o-y, tightening domestic availability despite higher production.
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