How did India's stainless steel sector perform in 2024?

Finished SS imports up 15% y-o-y to 1.19 mnt. Domestic consumption increases nearly 20% y-o-y. SS scrap imports drop 15% in CY'24 on higher shipments of semis.

Morning Brief: India's imports of finished stainless steel (SS) products are projected to have reached 1.19 million tonnes (mnt) in 2024, as per provisional data maintained with BigMint. This shows an increase of about 15% y-o-y from 1.03 mnt in 2023. Out of the total volume that arrived in 2024,