Will landmark FTA deal boost India's steel exports to the U.K.?

Source: Steelmint May 12, 2025 09:30

After three years of intense negotiations, the India-United Kingdom Free Trade Agreement (FTA) has finally come into force. The trade deal holds up the promise of boosting India's domestic manufacturing and India's global presence.The FTA will ensure 99% of Indian exports will receive duty-free access to the U.K. market. India stands to gain substantial advantage from tariff elimination on approximately 99% of tariff lines. Notably, Indian exporters of steel and aluminium are expected to garner considerable benefits from the FTA.

India is already among the top exporters of steel products to the U.K.. With the steady and rapid decline in the U.K.'s domestic steel production, loosening of import safeguard quotas, and now the much-awaited FTA, will Indian mills seize the opportunity of channelling higher steel exports to Britain? Mills