India’s stainless steel imports drop 10% y-o-y in FY’24

India’s imports of finished stainless steel products reached around 1.03 million tonnes (mnt) in financial year 2023-2024 (FY’24), a decrease of 10% y-o-y compared with 1.15 mnt in FY’23, as per latest BigMint data. The share of finished flat products in total imports was an overwhelming 97% at over 1 mnt, while imports of finished longs were around 27,000 t. Despite the y-o-y decline, imports were at a high level similar to FY’23.