Finance
India, Russia Discuss Steel Industry Ties in New Delhi Meeting
Published by Global Banking & Finance Review®
Posted on April 16, 2026
1 min readLast updated: April 16, 2026
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India’s steel secretary and Russia’s deputy minister of industry and trade met in New Delhi on April 16 to explore deeper cooperation in steel—from raw material sourcing to tech, equipment and research collaborations. The meeting underscores a rising trend of Russian steel gaining traction in India
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 about India, Russia discuss steel industry ties in New Delhi meeting
1Who 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.
2What topics were discussed at the India-Russia steel industry roundtable?
The discussion focused on raw material sourcing, technological collaboration, equipment manufacturing, and research opportunities.
3Where was the India-Russia steel industry meeting held?
The meeting took place in New Delhi, India.
