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Home»Explore industries/sectors»Iron and Steel»India-UK FTA: Duty-Free Steel Quota Increased, Carbon Tax Talks Ongoing – News and Statistics
Iron and Steel

India-UK FTA: Duty-Free Steel Quota Increased, Carbon Tax Talks Ongoing – News and Statistics

By IslaJuly 15, 202612 Mins Read
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Jul 15, 2026

India has negotiated a larger duty-free steel export quota with the United Kingdom under a free trade pact, as confirmed by Trade Secretary Rajeesh Agrawal in a press briefing reported by Bloomberg. This addresses a major Indian concern in the talks.

Agrawal also noted ongoing discussions with the UK about its planned carbon tax, set to start in January 2027. According to NDTV, the official expects the trade deal and improved market access to lift Indian steel exports to the UK to $1 billion in the 2026/2027 fiscal year.

Nearly 80% of Indian steel shipments to the UK will be exempt from British safeguard measures, Agrawal said. The remaining 20%, covering about 100 product categories, will be managed through agreed quotas. India’s steel quota under the agreement is roughly $350 million, well above the average the UK grants other partners.

The UK government has also released a revised policy note on steel procurement for public contracts. New transparency rules for steel use take effect on 1 October 2026. For projects valued at £10 million or more, or requiring over 500 tonnes of steel, contracting authorities must state in the contract notice whether UK-made steel will be used by the main contractor or in the supply chain, if known at award time. If domestic steel is not used or its origin is unknown, the reason must be provided. Additionally, all relevant public buyers must consult the UK Steel digital catalogue before design or procurement decisions.

As reported by GMK Center, on 25 June the UK detailed new steel protective measures. From 1 July 2026, duty-free imports will be restricted by cutting total quota volumes by 51%, less than the 60% proposed in March. The total quota will be about 3.2 million tonnes. Shipments above these levels face a 50% tariff. These safeguards apply to steel products that can be made in the UK.

Interactive table based on the Store Companies dataset for this report.


# Company Headquarters Focus Scale Note
1 Tata Steel Ltd Mumbai, Maharashtra Integrated steel, slabs, blooms Very Large Major integrated producer
2 JSW Steel Ltd Mumbai, Maharashtra Steel slabs, billets, blooms Very Large Largest producer by capacity
3 Steel Authority of India Ltd (SAIL) New Delhi Integrated steel, semis Very Large State-owned major
4 Jindal Steel & Power Ltd (JSPL) New Delhi Steel slabs, billets Very Large Key private producer
5 ArcelorMittal Nippon Steel India (AM/NS) Mumbai, Maharashtra Slabs, hot rolled coils Very Large JV of ArcelorMittal & Nippon
6 Rashtriya Ispat Nigam Ltd (RINL) Visakhapatnam, Andhra Pradesh Liquid steel, semis Large State-owned, Visakhapatnam
7 Jindal Stainless Ltd Hisar, Haryana Stain steel slabs, billets Large Stainless steel focus
8 Visa Steel Ltd Kolkata, West Bengal Ferro alloys, steel billets Medium Integrated special steels
9 Mukand Ltd Mumbai, Maharashtra Alloy steel, semis Medium Bajaj Group, special steels
10 Sunflag Iron & Steel Co. Ltd Nagpur, Maharashtra Alloy steel billets, bars Medium Special long steel products
11 Kalyani Steels Ltd Pune, Maharashtra Alloy steel billets, bars Medium Part of Kalyani Group
12 Uttam Galva Steels Ltd Mumbai, Maharashtra Cold rolled, galvanized, slabs Medium Integrated steel producer
13 Sunil Group (Sunil Iron & Steel) Raipur, Chhattisgarh Sponge iron, billets, TMT Medium Chhattisgarh based
14 Shyam Metalics and Energy Ltd Kolkata, West Bengal Steel billets, rods, ferro alloys Large Integrated metal producer
15 Jai Balaji Industries Ltd Kolkata, West Bengal Sponge iron, billets, TMT Medium Integrated steel plant
16 Monnet Ispat & Energy Ltd New Delhi Steel billets, pellets Medium Part of JSW Group now
17 Prakash Industries Ltd New Delhi Sponge iron, billets, rods Medium Integrated steel producer
18 Shree Bajrang Power & Ispat Ltd Raipur, Chhattisgarh Sponge iron, billets, TMT Medium Chhattisgarh based
19 Shri Girraj Prasad Metal Pvt Ltd Raipur, Chhattisgarh Steel billets, ingots Small-Medium Chhattisgarh based producer
20 Shree Uttam Steel & Power Ltd Kolkata, West Bengal Steel billets, TMT bars Medium Integrated steel maker
21 Shyam Steel Works Pvt Ltd Kolkata, West Bengal Billets, TMT bars Medium West Bengal based
22 Shree Parasnath Re-rolling Mills Ltd Kolkata, West Bengal Billets, TMT bars Medium Integrated steel plant
23 Shree Rajasthan Ispat Ltd Kolkata, West Bengal Sponge iron, billets Medium Rajasthan based operations
24 Shree Ganesh Metaliks Ltd Kolkata, West Bengal Sponge iron, billets Small-Medium West Bengal based
25 Shree Gopal Ispat Pvt Ltd Raipur, Chhattisgarh Sponge iron, billets Small-Medium Chhattisgarh based
26 Shree Radha Krishna Steel Pvt Ltd Raipur, Chhattisgarh Steel billets, ingots Small-Medium Chhattisgarh based
27 Shree Sai Baba Ispat Pvt Ltd Raipur, Chhattisgarh Steel billets, ingots Small-Medium Chhattisgarh based
28 Shree Shyam Ispat Pvt Ltd Raipur, Chhattisgarh Steel billets, ingots Small-Medium Chhattisgarh based
29 Shree Ganesh Ispat Pvt Ltd Raipur, Chhattisgarh Steel billets, ingots Small-Medium Chhattisgarh based
30 Shree Bajrang Ispat Pvt Ltd Raipur, Chhattisgarh Steel billets, ingots Small-Medium Chhattisgarh based

This report provides a comprehensive view of the slabs, billets and blooms of iron and steel industry in India, tracking demand, supply, and trade flows across the national value chain. It explains how demand across key channels and end-use segments shapes consumption patterns, while also mapping the role of input availability, production efficiency, and regulatory standards on supply.

Beyond headline metrics, the study benchmarks prices, margins, and trade routes so you can see where value is created and how it moves between domestic suppliers and international partners. The analysis is designed to support strategic planning, market entry, portfolio prioritization, and risk management in the slabs, billets and blooms of iron and steel landscape in India.

Quick navigation

Key findings

  • Domestic demand is shaped by both household and industrial usage, with trade flows linking local supply to imports and exports.
  • Pricing dynamics reflect unit values, freight costs, exchange rates, and regulatory shifts that affect sourcing decisions.
  • Supply depends on input availability and production efficiency, creating a distinct national cost curve.
  • Market concentration varies by segment, creating different competitive landscapes and entry barriers.
  • The 2035 outlook highlights where capacity investment and demand growth are most aligned within the country.

Report scope

The report combines market sizing with trade intelligence and price analytics for India. It covers both historical performance and the forward outlook to 2035, allowing you to compare cycles, structural shifts, and policy impacts.

  • Market size and growth in value and volume terms
  • Consumption structure by end-use segments
  • Production capacity, output, and cost dynamics
  • Trade flows, exporters, importers, and balances
  • Price benchmarks, unit values, and margin signals
  • Competitive context and market entry conditions

Product coverage

  • Prodcom 24102110 – Flat semi-finished products (of non-alloy steel)
  • Prodcom 241021Z0 – Ingots, other primary forms and long semi-finished products, o f non-alloy steel
  • Prodcom 24102210 – Flat semi-finished products (slabs) (of stainless steel)
  • Prodcom 241022Z0 – Ingots, other primary forms and long semi-finished products, o f stainless steel
  • Prodcom 24102310 – Flat semi-finished products (of alloy steel other than of stainless steel)
  • Prodcom 241023Z0 – Ingots, other primary forms and long semi-finished products, o f alloy steel other than stainless steel

Country coverage

Country profile and benchmarks

This report provides a consistent view of market size, trade balance, prices, and per-capita indicators for India. The profile highlights demand structure and trade position, enabling benchmarking against regional and global peers.

Methodology

The analysis is built on a multi-source framework that combines official statistics, trade records, company disclosures, and expert validation. Data are standardized, reconciled, and cross-checked to ensure consistency across time series.

  • International trade data (exports, imports, and mirror statistics)
  • National production and consumption statistics
  • Company-level information from financial filings and public releases
  • Price series and unit value benchmarks
  • Analyst review, outlier checks, and time-series validation

All data are normalized to a common product definition and mapped to a consistent set of codes. This ensures that comparisons across time are aligned and actionable.

Forecasts to 2035

The forecast horizon extends to 2035 and is based on a structured model that links slabs, billets and blooms of iron and steel demand and supply to macroeconomic indicators, trade patterns, and sector-specific drivers. The model captures both cyclical and structural factors and reflects known policy and technology shifts in India.

  • Historical baseline: 2012-2025
  • Forecast horizon: 2026-2035
  • Scenario-based sensitivity to income growth, substitution, and regulation
  • Capacity and investment outlook for major producing companies

Each projection is built from national historical patterns and the broader regional context, allowing the report to show where growth is concentrated and where risks are elevated.

Price analysis and trade dynamics

Prices are analyzed in detail, including export and import unit values, regional spreads, and changes in trade costs. The report highlights how seasonality, freight rates, exchange rates, and supply disruptions influence pricing and margins.

  • Price benchmarks by country and sub-region
  • Export and import unit value trends
  • Seasonality and calendar effects in trade flows
  • Price outlook to 2035 under baseline assumptions

Profiles of market participants

Key producers, exporters, and distributors are profiled with a focus on their operational scale, geographic footprint, product mix, and market positioning. This helps identify competitive pressure points, partnership opportunities, and routes to differentiation.

  • Business focus and production capabilities
  • Geographic reach and distribution networks
  • Cost structure and pricing strategy indicators
  • Compliance, certification, and sustainability context

How to use this report

  • Quantify domestic demand and identify the most attractive segments
  • Evaluate export opportunities and prioritize target destinations
  • Track price dynamics and protect margins
  • Benchmark performance against leading competitors
  • Build evidence-based forecasts for investment decisions

This report is designed for manufacturers, distributors, importers, wholesalers, investors, and advisors who need a clear, data-driven picture of slabs, billets and blooms of iron and steel dynamics in India.

FAQ

What is included in the slabs, billets and blooms of iron and steel market in India?

The market size aggregates consumption and trade data, presented in both value and volume terms.

How are the forecasts to 2035 built?

The projections combine historical trends with macroeconomic indicators, trade dynamics, and sector-specific drivers.

Does the report cover prices and margins?

Yes, it includes export and import unit values, regional spreads, and a pricing outlook to 2035.

Which benchmarks are included?

The report benchmarks market size, trade balance, prices, and per-capita indicators for India.

Can this report support market entry decisions?

Yes, it highlights demand hotspots, trade routes, pricing trends, and competitive context.

  1. 1. INTRODUCTION

    Report Scope and Analytical Framing

    1. Report Description
    2. Research Methodology and the Analytical Framework
    3. Data-Driven Decisions for Your Business
    4. Glossary and Product-Specific Terms
  2. 2. EXECUTIVE SUMMARY

    Concise View of Market Direction

    1. Key Findings
    2. Market Trends
    3. Strategic Implications
    4. Key Risks and Watchpoints
  3. 3. DOMESTIC MARKET SIZE AND DEVELOPMENT PATH

    Market Size, Growth and Scenario Framing

    1. Market Size: Historical Data (2012-2025) and Forecast (2026-2035)
    2. Growth Outlook and Market Development Path to 2035
    3. Growth Driver Decomposition
    4. Scenario Framework and Sensitivities
  4. 4. CATEGORY SCOPE, DEFINITIONS AND BOUNDARIES

    Commercial and Technical Scope

    1. What Is Included and How the Market Is Defined
    2. Market Inclusion Criteria
    3. Product / Category Definition
    4. Exclusions and Boundaries
    5. Distinction From Adjacent Products and Substitute Categories
  5. 5. CATEGORY STRUCTURE, SEGMENTATION AND PRODUCT MATRIX

    How the Market Splits Into Decision-Relevant Buckets

    1. By Product Type / Configuration
    2. By Application / End Use
    3. By Customer / Buyer Type
    4. By Channel / Business Model / Technology Platform
    5. Segment Attractiveness Matrix
    6. Product Matrix and Segment Growth Logic
  6. 6. DOMESTIC DEMAND, CUSTOMER AND BUYER ARCHITECTURE

    Where Demand Comes From and How It Behaves

    1. Consumption / Demand: Historical Data (2012-2025) and Forecast (2026-2035)
    2. Demand by End-Use and Buyer Group
    3. Demand by Customer / Consumer Segment
    4. Purchase Criteria, Switching Logic and Adoption Barriers
    5. Replacement, Replenishment and Installed-Base Dynamics
    6. Future Demand Outlook
  7. 7. DOMESTIC PRODUCTION, SUPPLY AND VALUE CHAIN

    Supply Footprint and Value Capture

    1. Production in the Country
    2. Domestic Manufacturing Footprint
    3. Capacity, Bottlenecks and Supply Risks
    4. Value Chain Logic and Margin Pools
    5. Distribution and Route-to-Market Structure
  8. 8. IMPORTS, EXPORTS AND SOURCING STRUCTURE

    Trade Flows and External Dependence

    1. Exports
    2. Imports
    3. Trade Balance
    4. Import Dependence
    5. Sourcing Risks and Resilience
  9. 9. PRICING, PROMOTION AND COMMERCIAL MODEL

    Price Formation and Revenue Logic

    1. Domestic Price Levels and Corridors
    2. Pricing by Segment / Specification / Channel
    3. Cost Drivers and Margin Logic
    4. Promotion, Discounting and Procurement Patterns
    5. Revenue Quality and Commercial Levers
  10. 10. COMPETITIVE LANDSCAPE AND PORTFOLIO POWER

    Who Wins and Why

    1. Market Structure and Concentration
    2. Competitive Archetypes
    3. Segment-by-Segment Competitive Intensity
    4. Portfolio Breadth and Product Positioning
    5. Capability Matrix
    6. Strategic Moves, Partnerships and Expansion Signals
  11. 11. DOMESTIC MARKET STRUCTURE AND CHANNEL LOGIC

    How the Domestic Market Works

    1. Core Demand Centers
    2. Local Production and Distribution Roles
    3. Channel Structure
    4. Buyer and Procurement Architecture
    5. Regional Imbalances Within the Country
  12. 12. GROWTH PLAYBOOK AND MARKET ENTRY

    Commercial Entry and Scaling Priorities

    1. Where to Play
    2. How to Win
    3. Distributor / Partner / Direct Entry Options
    4. Capability Thresholds
    5. Entry Risks and Mitigation
  13. 13. WHERE TO PLAY NEXT: MOST ATTRACTIVE GROWTH OPPORTUNITIES

    Where the Best Expansion Logic Sits

    1. Most Attractive Product Niches
    2. Most Attractive Customer Segments
    3. White Spaces and Unsaturated Opportunities
    4. High-Margin and Underpenetrated Pockets
    5. Most Promising Product Adjacencies
  14. 14. PROFILES OF MAJOR COMPANIES

    Leading Players and Strategic Archetypes

    1. Leading Manufacturers and Suppliers
    2. Production Footprint and Capacities
    3. Product Portfolio and Segment Focus
    4. Pricing Positioning and Indicative Price Logic
    5. Channel / Distribution Strength
    6. Strategic Archetypes
  15. 15. METHODOLOGY, SOURCES AND DISCLAIMER

    How the Report Was Built

    1. Modeling Logic
    2. Source Register
    3. Publications, Regulatory and Industry References
    4. Analytical Notes
    5. Disclaimer

Loading News content from Store report…

Tata Steel Ltd

Major integrated producer

JSW Steel Ltd

Largest producer by capacity

Steel Authority of India Ltd (SAIL)

State-owned major

Jindal Steel & Power Ltd (JSPL)

Key private producer

ArcelorMittal Nippon Steel India (AM/NS)

JV of ArcelorMittal & Nippon

Rashtriya Ispat Nigam Ltd (RINL)

State-owned, Visakhapatnam

Jindal Stainless Ltd

Stainless steel focus

Visa Steel Ltd

Integrated special steels

Mukand Ltd

Bajaj Group, special steels

Sunflag Iron & Steel Co. Ltd

Special long steel products

Kalyani Steels Ltd

Part of Kalyani Group

Uttam Galva Steels Ltd

Integrated steel producer

Sunil Group (Sunil Iron & Steel)

Chhattisgarh based

Shyam Metalics and Energy Ltd

Integrated metal producer

Jai Balaji Industries Ltd

Integrated steel plant

Monnet Ispat & Energy Ltd

Part of JSW Group now

Prakash Industries Ltd

Integrated steel producer

Shree Bajrang Power & Ispat Ltd

Chhattisgarh based

Shri Girraj Prasad Metal Pvt Ltd

Chhattisgarh based producer

Shree Uttam Steel & Power Ltd

Integrated steel maker

Shyam Steel Works Pvt Ltd

West Bengal based

Shree Parasnath Re-rolling Mills Ltd

Integrated steel plant

Shree Rajasthan Ispat Ltd

Rajasthan based operations

Shree Ganesh Metaliks Ltd

West Bengal based

Shree Gopal Ispat Pvt Ltd

Chhattisgarh based

Shree Radha Krishna Steel Pvt Ltd

Chhattisgarh based

Shree Sai Baba Ispat Pvt Ltd

Chhattisgarh based

Shree Shyam Ispat Pvt Ltd

Chhattisgarh based

Shree Ganesh Ispat Pvt Ltd

Chhattisgarh based

Shree Bajrang Ispat Pvt Ltd

Chhattisgarh based

Loading Reviews content from Store report…

Loading Dashboard content from Store report…

Loading Macro Indicators content from Store report…



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