What moves on this corridor.
India exports → EU
USD 3.2B annually — hot rolled coils (HR coils, HS 7208), cold rolled coils (HS 7209), galvanised/coated steel (HS 7210), structural steel sections, steel pipes and tubes, stainless steel, cast iron articles, non-ferrous metals (aluminium billets, copper cathodes)
Top India states: Odisha (JSW Ispat, Tata Steel, SAIL — primary steel production), Jharkhand (Tata Steel, SAIL), Chhattisgarh (SAIL, NMDC Steel), Gujarat (JSPL, Essar — EAF/DRI), Maharashtra (JSW Steel)
EU exports → India
EUR 1.8B annually — specialty steel (tool steel, spring steel, electrical steel — grain-oriented), stainless steel premium grades, aluminium alloys, specialty non-ferrous metals, recycled steel scrap, advanced metallurgical equipment
Top EU buyers: Germany (steel service centres, automotive Tier 1), Italy (Brescia steel district, re-rollers), Netherlands (Rotterdam — EU steel import hub), Poland (construction, automotive), Spain (Arcelor Mittal Spain)
Growth rate
+6% CAGR India steel exports (2019–2024) · Flat products dominant · CBAM will reshape the corridor from 2026
FTA duty impact
EU MFN on most steel products (HS 72–73): 0% already. HR coils (7208): 0%. Structural steel (7216): 0%. Most EU steel imports from India face 0% MFN — FTA provides minimal additional tariff benefit. CBAM (from January 2026) replaces tariffs as the primary cost variable for Indian steel exports to EU.