India's Steel Sector Maintains Growth Momentum in Q1 FY 2026–27

The Ministry of Steel’s Q1 FY 2026‑27 bulletin shows that India’s crude steel output rose to 14.1 Mt in June 2026, a 4.5 % YoY increase, while finished‑steel production reached 13.5 Mt (+3.8 % YoY). Domestic raw‑material prices fell, e.g., NMDC iron‑ore lump declined 4.4 % MoM. Finished‑steel imports jumped 57.9 % YoY to 695.7 kt, making India a net importer in Apr‑Jun 2026. Policy actions included the inauguration of an 84,000 m³ water reservoir at IISCO, commissioning of an 8.3 Mt‑yr⁻¹ slurry pipeline to Bokaro, and issuance of Green‑Steel Certificates to 97 producers. The sector’s crude‑steelmaking capacity stands at 222 MTPA, moving toward the National Steel Policy target of 300 MTPA by 2030.