India imports more steel than it exports in October, totaling 0.57 mt.

India was a net importer of steel in October, with imports totaling 0.57 million metric tons (mt) against exports of 0.29 mt. Even when cheaper offers from China entered the country, numbers were impacted by a lack of export offers from Vietnam, West Asia, and Europe.

According to a Steel Ministry report that Businessline was able to see, imports were more than exports by over 0.28 million tons.
As per the data, the month's imports fell by 4% YoY (from 0.6 mt in October 2022), while exports declined by 21% (from 0.36 mt). However, imports increased by 50% month over month from 0.38 mt in September, a sign that lower-priced Chinese and Vietnamese goods are eroding the market share of domestic steel producers, according to trade sources. Despite September's exports being among the lowest in the previous five years at just 0.16 mt, export statistics climbed by 78% month over month.
India continued to be a net exporter of steel during the seven-month period from April to October, with 3.52 mt going out (down 11% from 4 mt exported in 7MFY23) and 3.47 mt coming in (up 10% from 3.2 mt).
India's imports of steel have increased in H1 FY24 (April–September). India's imports are increasing, so this is still an area we need to be cautious about. During an earnings call, Jayant Acharya, Joint MD and CEO of JSW Steel, stated that exports also decreased during this time.