India's steel exports rise 4% y-o-y in CY'25; shipments hit 4-year high in H2

Finished flats exports dip 1%, semis surge 48% on US, UK intake. Exports to EU slide by 7% despite sharp CBAM-driven rebound in H2. Indian exporters target Vietnam as demand from EU starts to wane

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. 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