EU's tighter steel quotas may hit India's exports by up to 30% in FY27; domestic market likely to gain...

EU's tighter steel quotas may reduce India's finished steel exports by up to 30% in FY27, as per Crisil.

India exported around 6.6 million tonnes of finished steel in FY26, with the EU as its largest export destination.

Major export markets included Italy, Belgium, Spain, Vietnam and the United Arab Emirates.

The domestic market is likely to gain focus as exports to the EU face tighter quotas.