- Finished steel output firm m-o-m, consumption improves
- Exports increase by nearly 9% m-o-m, surge by 54% y-o-y
India’s finished steel imports rose by 47.1% m-o-m to 0.668 million tonnes (mnt) in August 2025, compared with 0.454 mnt in July 2025, as per Joint Plant Committee (JPC) data under the Ministry of Steel. Y-o-y, imports declined by 30.6% from 0.962 mnt in August 2024.
Cumulative imports during April-August 2025 stood at 2.505 mnt, down 32.6% against 3.718 mnt in the same period last year.
Finished steel exports rise m-o-m
India’s finished steel exports rose by 8.9% m-o-m to 0.528 mnt in August 2025 from 0.485 mnt in July 2025. On a y-o-y basis, exports surged 53.9% from 0.343 mnt in August 2024.
Cumulative exports during April-August 2025 stood at 2.226 mnt, up 16.2% from 1.915 mnt in the same period last year.
Crude steel output dips 1% m-o-m, rises 11% y-o-y
According to JPC, crude steel output declined slightly by 1.2% m-o-m to 13.826 mnt in August 2025 from 14.000 mnt in July 2025. On a y-o-y basis, production increased 11.1% from 12.442 mnt in August 2024.
Cumulative output during April-August 2025 reached 68.343 mnt, reflecting an 11.6% increase from 61.239 mnt in the same period last year. The trend indicates a strong supply base, maintaining market availability.
Finished steel output stable m-o-m
Provisional JPC data shows finished steel production was nearly flat m-o-m at 13.349 mnt in August 2025, compared to 13.392 mnt in July 2025. On a y-o-y basis, output rose by 13.0% from 11.816 mnt in August 2024.
Cumulative production during April-August 2025 stood at 65.141 mnt, marking a 10.2% rise over 59.094 mnt in the same period last year. Continued production strength will support both domestic and export demand.
Finished steel consumption edges up m-o-m
Consumption of finished steel rose by 2.3% m-o-m, registering 13.694 mnt in August 2025 against 13.385 mnt in July 2025. On a y-o-y basis, consumption grew 8.8% from 12.588 mnt in August 2024.
Cumulative consumption during April-August 2025 reached 65.405 mnt, up 8.2% from 60.435 mnt a year ago. The robust growth indicates sustained demand traction.
Outlook
India’s steel market remained resilient in August 2025, supported by consistent production and consumption and improving global trade dynamics. Exports continued to gain momentum, while the rise in imports suggests a short-term adjustment in supply chains or inventory build-up.
Looking ahead, seasonal demand from construction, automotive, and capital goods sectors is expected to support market activity. With stable supply, healthy domestic demand, and improving export competitiveness, the steel sector is likely to maintain a balanced growth trajectory in the coming months.
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