India’s steel exports drop 25% y-o-y in H1 CY’25

India’s steel exports were down by a deep 24% in H1CY’25 to 3.7 million tonnes (mnt) from 4.9 mnt in H1CY’24. Finished flats stood at 2.3 mnt in H1CY’25, falling by 40% y-o-y to a 62% share overall (77% in H1CY’24). Of the various sub-categories, shipments of HRCs and plates crashed by 68% y-o-y, to just 593,000 t. As a result, the share of HRCs/plates, which stood at around 50% of India’s total flats exports in both CY’23 and CY’24, dived to a mere 26% in H1CY’25.