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Where does India get its steel? Import sources 2024

In 2024, India imported $10.8 billion of steel (10.5 million tonnes), 3.1% of the world total. Its main sources were China (24%), South Korea (23%) and Japan (17%). India was the world’s 9th-largest importer of steel.

Summary

Value
$10.8billion
Tonnes
10.5million tonnes
Share of world total
3.1%
World rank
9th
Routes from the main sources. Width: value; color: estimated transport mode.SeaAirLand

Sources

The 20 main sources in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
China2.6Tonnes: 2,687,266USD per tonne: $97524.3%Sea
South Korea2.5Tonnes: 3,013,791USD per tonne: $81622.9%Sea
Japan1.8Tonnes: 2,004,601USD per tonne: $91217%Sea
Indonesia1.4Tonnes: 802,907USD per tonne: $1,78113.3%Sea
Vietnam0.73Tonnes: 813,674USD per tonne: $8976.8%Sea
Germany0.26Tonnes: 141,478USD per tonne: $1,8412.4%Sea
Russia0.2Tonnes: 200,929USD per tonne: $1,0011.9%Sea
France0.17Tonnes: 112,562USD per tonne: $1,5311.6%Sea
Taiwan0.15Tonnes: 121,590USD per tonne: $1,2191.4%Sea
Sweden0.14Tonnes: 38,081USD per tonne: $3,7151.3%Sea
Nepal0.1Tonnes: 121,297USD per tonne: $8230.93%Land
Malaysia0.09Tonnes: 55,491USD per tonne: $1,6530.85%Sea
Austria0.07Tonnes: 22,362USD per tonne: $3,1600.66%Sea
Thailand0.06Tonnes: 76,201USD per tonne: $7440.53%Sea
United States0.05Tonnes: 15,785USD per tonne: $3,3520.49%Sea
Italy0.04Tonnes: 26,896USD per tonne: $1,6180.4%Sea
Belgium re-exports0.04Tonnes: 23,297USD per tonne: $1,8650.4%Sea
United Kingdom0.03Tonnes: 12,244USD per tonne: $2,7150.31%Sea
Egypt0.02Tonnes: 27,670USD per tonne: $8700.22%Sea
United Arab Emirates0.02Tonnes: 25,093USD per tonne: $9060.21%Sea

Trend

Who it buys from

China has been its main source since 2023

Value in USD billions. The five largest sources in 2024.

  • China 2.6
  • South Korea 2.5
  • Japan 1.8
  • Indonesia 1.4
  • Vietnam 0.73

Source: CEPII BACI

Show the numbers
Partner19952024
China0.012.6
South Korea0.072.5
Japan0.21.8
Indonesia< 0.011.4
Vietnam00.73

Sources and methodology

Other products of this country

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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