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Finance

India, Russia discuss steel industry ties in New Delhi meeting

Published by Global Banking & Finance Review

Posted on April 16, 2026

1 min read

· Last updated: April 17, 2026

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India, Russia discuss steel industry ties in New Delhi meeting

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April 16 (Reuters) - India's steel secretary on Thursday met Russia's deputy minister of industry and trade to discuss cooperation in the steel sector, the South Asian country's steel ministry said.

India and Russia Explore Steel Industry Collaboration at New Delhi Roundtable

Main Discussions and Outcomes

High-Level Meeting Between India and Russia

April 16 (Reuters) - India's steel secretary on Thursday met Russia's deputy minister of industry and trade to discuss cooperation in the steel sector, the South Asian country's steel ministry said.

Key Areas of Collaboration

Raw Material Sourcing

The India-Russia roundtable discussed raw material sourcing, technological collaboration, equipment manufacturing and research opportunities between the two nations.

Technological Collaboration

Equipment Manufacturing

Research Opportunities

(Reporting by Anuran Sadhu in Bengaluru; Editing by Devika Syamnath)

Key Takeaways

Russian steel imports to India surged over 100% in April–September 2025, totalling ~127,800 tonnes, making Russia the fourth‑largest supplier of finished steel to India’s market, particularly in electrical specialty segments (linkedin.com).
Russian hot‑rolled coil exports are approximately $465/tonne—about 20% cheaper than Chinese alternatives—boosting India’s interest amid domestic demand pressures (livemint.com).
In June 2025, Russia resumed significant exports of hot‑rolled steel to India (35,000–40,000 tonnes) after an 18‑month pause, signalling a renewed strategic push into Indian markets (mysteel.net)

References

Frequently Asked Questions

Who attended the India-Russia meeting on the steel industry?

India's steel secretary and Russia's deputy minister of industry and trade attended the meeting.

What topics were discussed at the India-Russia steel industry roundtable?

The discussion focused on raw material sourcing, technological collaboration, equipment manufacturing, and research opportunities.

Where was the India-Russia steel industry meeting held?

The meeting took place in New Delhi, India.

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India, Russia discuss steel industry ties in New Delhi meeting

India and Russia Explore Steel Industry Collaboration at New Delhi Roundtable

Main Discussions and Outcomes