Ministry of Steel
azadi ka amrit mahotsav

India's Steel Sector Records Growth in Q1 FY 2026

प्रविष्टि तिथि: 06 JUL 2026 4:35PM by PIB Delhi

1. Steel Production & Prices

1a. Production Overview (in Mt)

Production

Jun 2026

Jun 2025

YoY %

Apr-Jun 2026

Apr-Jun 2025

CPLY %

Crude Steel

14.1

13.5

3.9

42.1

40.8

3.0

Hot Metal

7.9

7.9

-0.3

23.5

23.2

1.4

Finished Steel

13.8

13.0

6.0

41.0

38.7

5.9

 

1b. Producer wise Production (Apr-Jun 2026) (in Mt)

Producer

Annual Crude Steel Capacity

Crude Steel Production

Finished Steel Production

Hot Metal

Production

Top 7

117.4

23.2

21.8

21.8

Remaining producers

104.5

18.9

19.2

1.7

TOTAL

221.9

42.1

41.0

23.5

Public Sector Share (%)

13.9

15.7

13.0

30.4

Top 7 includes SAIL, RINL, NSL, TSL Group, AM/NS, JSL(JSPL), JSW Group

 

 

1c. Steel Prices (in ₹/tonne)

Product

Apr-26

May-26

Jun-26

MoM %

YoY %

TMT (10 mm)

 63,893

 63,053

 60,068

-4.7%

4.4%

HR Coil (2 mm)

 70,588

 70,460

 70,108

-0.5%

11.2%

CR Coil (0.63 mm)

 78,410

 77,915

 77,053

-1.1%

11.4%

GP Sheet (0.63 mm)

 89,203

 89,013

 86,505

-2.8%

15.8%

Note: Prices are inclusive of GST and shown in ₹/tonne, based on average prices from four metro cities—Kolkata, Delhi, Mumbai, and Chennai. All prices are as on the second fortnight of each month.

 

 

 

2. Demand (in Mt)

 

Indicator

 

Jun 2026

Jun 2025

YoY %

Apr-Jun 2026

Apr-Jun 2025

CPLY %

Finished Steel Consumption

14.2

13.2

7.2

41.6

38.4

8.3

 

3. Trade Dynamics

3a. Finished Steel — Import & Export

Indicator

Unit

Jun-26

Jun-25

YoY %

Apr-Jun 2026

Apr-Jun 2025

CPLY %

Imports

‘000 t

695.7

440.5

57.9

2063.9

1383.7

49.2

  Rs Crore

6913.3

4517.3

53.0

20214.5

14018.7

44.2

Exports

‘000 t

616.2

446.2

38.1

1592.8

1212.5

31.4

Rs Crore

4674.0

3256.9

43.5

12475.2

9776.0

27.6

Net Trade Position

India was net importer of finished steel in terms of quantity for the period of Apr-Jun 2026

 

4. Raw Materials

4a. Domestic Raw Material Prices (in ₹/tonne)

Commodity

May 2026

Jun 2026

MoM Change

NMDC Iron Ore Baila Lump (65.5%, 10-40 mm)

5500

5700

3.6%

NMDC Iron Ore Baila Fines Baila Fines (64%, -10 mm)

4700

4850

3.2%

MOIL Manganese Ore Lump (Mn 37%, Fe 7.5%)

20532

19505

- 5.0%

Scrap — HMS II

42533

40665

- 4.4%

 

5. Key Indices

Index

Apr 2026

May 2026

Jun 2026

MoM Change

YoY Change

Nifty Metal Index (avg.)

12,471.9

13,224.9

12,971.9

-1.9%

39.3%

PMI Manufacturing Index

54.7

55.0

54.2

-1.5%

-7.2%

Baltic Dry Index (avg.)

2,442.8

3,048.9

2779.9

-8.8%

64.9%

Source: NSE, S&P Global, Trading Economics

6. Policy Initiatives/Industry Initiatives

The Ministry of Steel highlighted its digital transformation agenda through the Chintan Shivir held on 24th June 2026 on Digitalisation in the Steel Sector, encouraging adoption of artificial intelligence, automation, digital mining, predictive maintenance and smart manufacturing technologies. The initiative supports improved operational efficiency and sustainable growth across the Indian steel industry.

The Ministry of Steel granted Miniratna Category-I status to MECON Limited, recognizing its consistent financial performance and operational excellence. The new status provides greater financial and operational autonomy, enabling faster project execution and business expansion.

DGTR, Ministry of Commerce and Industry initiated an anti-dumping investigation into hot-rolled flat steel imports from China, Japan, and Russia following complaints of unfair pricing. The probe aims to protect domestic steel manufacturers from injury caused by dumped imports.

SAIL has further strengthened the nation’s naval capabilities by supplying the entire 5,700 tonnes of special steel used in three recently commissioned Indian Navy vessels: the advanced stealth frigate INS Dunagiri, the anti-submarine warfare shallow watercraft INS Agray, and the survey vessel (large) INS Sanshodhak.

NMDC reported iron ore production of 5.15 million tonnes in June 2026, up 44% year-on-year, while sales increased 11% to 3.98 million tonnes. During Q1 FY 2026-27 (Apr–Jun), cumulative production reached 15.10 million tonnes, reflecting strong operational performance despite the monsoon season and continued demand from domestic steel producers.

The country's steelmaking capacity remained at 221.9 Mtpa, supporting progress toward the National Steel Policy target of 300 Mtpa by 2030. JSW Group announced the commencement of construction of its proposed integrated steel plant of 2 MTPA in Kadapa, Andhra Pradesh.

7. Green Steel Initiatives

SAIL Rourkela Steel Plant has launched a CO₂ Dashboard, a first-of-its-kind digital platform with 100% ERP-SAP based data integration to strengthen its decarbonisation efforts.


Barsua-Taldih Iron Mines of SAIL recently celebrated Van Mahotsav 2026 with a plantation drive.

Source: Provisional JPC data for Jun 2026. Mt = Million Tonnes; Mtpa = Million Tonnes Per Annum; MoM = Month-on-Month; YoY = Year-on-Year; CPLY = Corresponding Period Last Year.

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AG


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