1. Steel Production & Prices

1a. Production Overview (in Mt)

Production	Jul 2026	Jul 2025	YoY %	Apr-Jul 2026	Apr-Jul 2025	CPLY %
Crude Steel	14.4	14.1	1.9	56.2	54.9	2.4
Hot Metal	8.4	7.9	6.3	31.9	31.1	2.7
Finished Steel	14.0	13.5	3.9	54.7	52.2	4.7

 

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

                                  

1c. Steel Prices (in ₹/tonne)

Product	Jun-26	Jul-26	Aug-26	MoM %	YoY %
TMT (10 mm)	₹ 60,068	₹ 56,698	₹ 58,003	2.3%	5.8%
HR Coil (2 mm)	₹ 70,108	₹ 69,828	₹ 70,448	0.9%	15.5%
CR Coil (0.63 mm)	₹ 77,052	₹ 76,582	₹ 76,463	-0.2%	13.3%
GP Sheet (0.63 mm)	₹ 86,505	₹ 86,415	₹ 86,668	0.3%	17.7%

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

1d. Alloy Steel — Production, Import, Export & Consumption (in ‘000t)

Indicator	Jul 2026	Jul 2025	YoY %	Apr-Jul 2026	Apr-Jul 2025	CPLY %
Production	982.6	801.0	22.7	3710.8	2927.9	26.7
Import	79.8	97.0	-17.8	419.3	383.1	9.4
Export	44.1	10.8	307.4	122.2	48.7	150.7
Consumption	1004.0	902.2	11.3	4022.9	3294.0	22.1

Indicator	Jul 2026	Jul 2025	YoY %	Apr-Jul 2026	Apr-Jul 2025	CPLY %
Production	352.6	389.0	-9.4	1375.6	1436.6	-4.2
Import	186.6	68.8	171.3	497.0	235.1	111.4
Export	45.2	48.8	-7.4	166.7	240.6	-30.7
Consumption	589.1	411.5	43.2	1770.0	1416.4	25.0

2. Demand (in Mt)

3. Trade Dynamics

3a. Finished Steel — Import & Export

Indicator	Unit	Jul-26	Jul-25	YoY %	Apr-Jul 2026	Apr-Jul 2025	CPLY %
Imports	‘000 t	702.3	641.2	9.5	2766.2	2024.9	36.6
	Rs Crore	8116.3	5776.2	40.5	28330.8	19795.0	43.1
Exports	‘000 t	699.3	485.4	44.1	2292.3	1698.0	35.0
	Rs Crore	5630.2	4220.2	33.4	18105.4	13996.1	29.4
Net Trade Position	India was net importer of finished steel in terms of quantity for the period of Apr-Jul 2026

 

3b. Top 5 Countries — Finished Steel Import & Export (Apr-Jul 2026)

Rank	Import Country	Vol. ('000t)	Share %		Rank	Export Country	Vol. ('000t)	Share %
1	CHINA	855.8	30.9		1	VIETNAM	354.0	15.4
2	KOREA	835.4	30.2		2	UAE	339.6	14.8
3	JAPAN	413.3	14.9		3	BELGIUM	183.0	8.0
4	INDONESIA	172.3	6.2		4	ITALY	161.5	7.0
5	VIETNAM	139.8	5.1		5	NEPAL	150.4	6.6

3c. Top Categories — Finished Steel Import & Export (Apr-Jul 2026)

Rank	Import Category	Vol. ('000t)	Share %		Rank	Export Category	Vol. ('000t)	Share %
1	HR COIL/STRIP	1015.2	36.7		1	HR COIL/STRIP	841.5	36.7
2	CR COIL/SHEETS	488.6	17.7		2	PIPES	356.7	15.6
3	GP/GC SHEETS/COIL	437.8	15.8		3	GP/GC SHEETS/COIL	297.2	13.0
4	PLATES	244.6	8.8		4	BARS & RODS	292.4	12.8
5	BARS & RODS	197.3	7.1		5	PLATES	245.5	10.7

4. Raw Materials

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

Commodity	Jul 2026	Aug 2026	MoM Change
NMDC Iron Ore Baila Lump (65.5%, 10-40 mm)	₹ 5,450	₹ 5,250	-3.7
NMDC Iron Ore Baila Fines (64%, 0-10 mm)	₹ 4,700	₹ 4,500	-4.3
MOIL Manganese Ore Lump (Mn 37%, Fe 7.5%)	₹ 18,530	₹ 17,603	-5.0
Scrap — HMS II	₹ 38,580	₹ 39,970	3.6

 

                                                                                             

5. Key Indices

Index	May 2026	Jun 2026	Jul 2026	MoM Change	YoY Change
Nifty Metal Index (avg.)	13,224.9	12,971.9	12,556.4	-3.2%	32.6%
PMI Manufacturing Index	55.0	54.2	53.5	-1.3%	-9.5%
Baltic Dry Index (avg.)	3,048.9	2,779.9	2,769.9	-0.4%	52.2%

Source: NSE, S&P Global, Trading Economics

6. Policy Initiatives/Industry Initiatives

The Ministry of Steel launched a monthly webinar series on digitalization in the steel and mining sector, bringing together industry leaders, CPSEs, startups and technology providers to showcase digital solutions, share implementation experiences and discuss emerging opportunities. The first webinar was held on 21 August 2026, marking the beginning of an initiative aimed at accelerating the adoption of digital technologies across the sector. The series is expected to foster collaboration and knowledge sharing, supporting the development of a smarter, more efficient and technology-driven steel and mining industry.

The Mines and Minerals (Development and Regulation) Amendment Act, 2026 has been notified on 17 August 2026. The amendment is expected to strengthen raw material security for the steel sector by improving the investment climate for mining, supporting mine development and enhancing the domestic availability of key minerals, including iron ore.

A new milestone has been achieved at NMDC Bacheli, with the 2.0 MTPA Iron Ore Beneficiation Plant commencing trial operations. The plant has successfully completed its first hot trial using iron ore fines for slurry production, marking a key step towards strengthening NMDC’s integrated beneficiation capabilities.

MECON and NMDC Steel Limited (NSL) have signed a Memorandum of Agreement (MoA) for providing consultancy services for NSL’s upcoming projects. The partnership is expected to support efficient project planning and execution, while facilitating capacity expansion and technological advancement.

7. Green Steel Initiatives

Under the Ministry of Steel’s Green Steel Initiative, 98 steel producers across 15 states have received Green Steel Certificates. The certification covers products including TMT bars, HR/CR coils, plates, wire rods and pipes, with most certified products achieving the highest 5-star rating, highlighting the increasing adoption of low-emission steelmaking practices among India’s secondary and mid-sized steel producers.

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