Ministry of Steel
azadi ka amrit mahotsav

India’s Steel Sector Continues Positive Growth Trend in Apr–Aug 2026

Posted On: 03 SEP 2026 6:39PM by PIB Delhi

1. Steel Production & Prices

1a. Production Overview (in Mt)

Production

Aug 2026

Aug 2025

YoY %

Apr-Aug
2026

Apr-Aug
2025

CPLY %

Crude Steel

14.1

14.1

-0.1

70.3

69.0

1.8

Hot Metal

8.0

8.1

-1.1

40.0

39.2

1.9

Finished Steel

13.5

13.4

0.3

68.1

65.6

3.8

 

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

Producer

Annual Crude
Steel
Capacity

Crude Steel
Production

Hot Metal
Production

Finished
Steel
Production

Top 7

117.4

39.2

37.2

36.5

Remaining producers

105.4

31.1

2.8

31.7

TOTAL

222.8

70.3

40.0

68.1

Public Sector Share (%)

13.9

15.8

30.0

13.5

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

 

1c. Steel Prices (in ₹/tonne)

Product

Jun-26

Jul-26

Aug-26

MoM %

YoY %

TMT (10 mm)

₹ 60,068

₹ 56,698

₹ 58,002

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

₹ 76,462

-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.

 

2. Demand (in Mt)

Indicator

Aug 2026

Aug 2025

YoY %

Apr-Aug
2026

Apr-Aug
2025

CPLY %

Finished Steel
Consumption

14.3

13.8

3.9

70.3

65.7

7.0

 

3. Trade Dynamics

3a. Finished Steel — Import & Export

Indicator

Unit

Aug-26

Aug-25

YoY %

Apr-Aug
2026

Apr-Aug
2025

CPLY %

Imports

'000 t

721.1

667.9

8.0

3487.3

2692.8

29.5

Rs Crore

7863.1

6377.6

23.3

36193.9

26172.6

38.3

Exports

'000 t

693.7

528.2

31.3

2986.0

2226.2

34.1

Rs Crore

5541.2

3914.9

41.5

23646.6

17911.1

32.0

Net Trade
Position

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

 

4. Raw Materials

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

Commodity

Jun 2026

Jul 2026

Aug 2026

MoM Change

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

₹ 5,700

₹ 5,450

₹ 5,250

-3.7%

NMDC Iron Ore Baila Fines
(64%, 0-10 mm)

₹ 4,850

₹ 4,700

₹ 4,500

-4.3%

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

₹ 19,505

₹ 18,530

₹ 17,603

-5.0%

Scrap — HMS II

₹ 40,665

₹ 38,580

₹ 39,970

3.6%

 

5. Key Indices

Index

Jun 2026

Jul 2026

Aug 2026

MoM
Change

YoY
Change

Nifty Metal Index (avg.)

12,971.9

12,556.4

13,181.8

5.0%

41.7%

PMI Manufacturing Index

54.2

53.5

52.8

-1.3%

-11.0%

Baltic Dry Index (avg.)

2,779.9

2,769.9

2,951.1

6.5%

47.5%

Source: NSE, S&P Global, Trading Economics

6. Policy Initiatives/Industry Initiatives

Hon’ble Union Minister of Steel and Heavy Industries Shri H.D. Kumaraswamy reviewed SAIL’s performance, capex and expansion plans. He stressed enhancing efficiency, capacity expansion and faster modernisation to strengthen SAIL’s role in India’s steel sector and support the vision of Viksit Bharat.

SAIL has received the ‘Top Employer’ Certification from the Top Employers Institute, valid till December 2027. This follows its third consecutive Great Place To Work certification, highlighting its strong HR practices, employee engagement and workplace culture.

NMDC recorded iron ore production of 4.07 Mt and sales of 3.58 Mt in August 2026, registering YoY growth of 20.8% and 5.6%, respectively. During Apr–Aug FY27, production and sales stood at 23.23 Mt and 18.72 Mt. NMDC’s Kirandul, Bacheli and Donimalai mines recorded their highest-ever August production.

NMDC has successfully lit up the Indurating Machine at its 2 Mtpa Nagarnar Pellet Plant, marking a key step towards commissioning. The machine will convert green pellets into high-strength iron ore pellets through controlled heating and cooling.

7. International Co-operation

SRTMI and Sweden’s SWERIM have signed an MoU to strengthen cooperation in iron and steel research, technology and innovation. The partnership will focus on joint R&D, green steel, decarbonisation, circular economy, advanced steels, AI/ML and digital technologies, and capacity building.

Mr. Glenn Purves, Deputy Minister, Global Affairs Canada, met Shri Sandeep Poundrik, Secretary, Ministry of Steel, to discuss strengthening bilateral cooperation in the steel sector. The discussions focused on enhancing trade, technology collaboration and investment across the steel value chain.

8. Green Steel Initiatives

SAIL’s Bhilai Steel Plant has launched a CO₂ Dashboard for Bhilai Steel Plant and Chandrapur Ferro Alloy Plant to enable daily monitoring of carbon emissions. The data-driven platform will help identify deviations, support timely corrective action and strengthen decarbonisation and operational efficiency.

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

***

AG


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