India was the world?s ninth-largest steel exporter(2017). In 2018, India exported 10.6 million metric tons of steel, a 34 percent decrease from 15.9 million metric tons in 2017. India?s exports represented about 4 percent of all steel exported globally in 2017. The volume of India?s 2018 steel exports was under one-fifth the size of the world?s largest exporter, China. In value terms, steel represented 2.7 percent of the total amount of goods India exported in 2018. India exports steel to more than 170 countries and territories. In 2017-18, the country?s finished steel exports increased 17% year-on-year to 9.62 million tonnes (MT), as compared to 8.24 MT in 2016-17.
India sent 10 percent (80 thousand metric tons) of its stainless steel exports to Italy. The United States was a top-five export destination for pipe and tube (accounting for 107 thousand metric tons, 11%), and stainless steel products (62 thousand metric tons, 8%) in 2018.