India’s steel exports rise 4% y-o-y in CY’25

India’s steel exports (including stainless steel) climbed up by 4% y-o-y to 8.59 million tonnes (mnt) in CY’25, as per provisional data with BigMint. The minor 4% increase y-o-y also marks a sharp turnaround from the first half of the year, during which export volumes were down by 25% y-o-y. The second half of the year saw shipments jump by 47% y-o-y to 4.96 mnt, as EU-based importers accelerated procurement ahead of the start of the definitive period of the Carbon Border Adjustment Mechanism (CBAM).