New Delhi, July 14 -- India's steel exports to the United Kingdom could reach USD 1 billion in FY27 after the former secured improved steel quotas under the India-UK trade agreement, a senior government official said on Tuesday.

The official said the enhanced quota access would provide Indian steel exporters with a significant opportunity to expand their presence in the UK market despite the country's stricter safeguard regime for steel imports.

"Around 100 tariff lines covered under the UK steel quotas worth USD 200 million; the quota we have received is more at about USD 350 million, plus we have a residual quota," the official said.

The official noted that India's historical steel exports to the UK have been around USD 200 million, ...