India’s Stainless steel imports in FY’24

Data shows that imports of 300-series stainless steel products stood at over 385,000 t, a decrease of around 18% y-o-y, while imports of other series were over 400,000 t. Incidentally, imports of 400 series products, basically martensitic stainless steels amenable to further heat hardening, increased sharply y-o-y to over 210,000 t even as inbound shipments of 200 series products declined by 15% y-o-y to around 34,000 t.