# Indian steel exports surge to Vietnam, Taiwan as European markets fall 2026-08-13T20:30:03+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Indian steel exports to Vietnam surged to 772,000 tonnes in FY26 from 11,000 tonnes in FY25, and to Taiwan to 376,000 tonnes from 31,000 tonnes, according to businesstoday.in, citing PIB data. Italy remained the largest destination at 1.07 million tonnes, but shipments were down 36% from FY24. Exports to Spain and the UK also declined. A PIB release attributed the recovery to market diversification and improved competitiveness. Finished steel imports fell 31.7%, helping India regain net exporter status. Crude steel production grew 10.7% to 168.4 million tonnes, and finished steel consumption reached 164 million tonnes, driven by infrastructure, construction, railways and manufacturing. JSW Group led producer share at 15.5%, followed by Tata Steel and SAIL. Odisha, Chhattisgarh and Jharkhand accounted for nearly half of state-wise production. ## Coverage - businesstoday.in Tags: European markets, PIB, production, steel exports, Taiwan, Vietnam Canonical: https://indianopinion.org/indian-steel-exports-surge-to-vietnam-taiwan-as-european-markets-fall/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/indian-steel-exports-surge-to-vietnam-taiwan-as-european-markets-fall/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.