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

The Ministry of Steel released provisional data showing positive growth in India's steel sector for the period of April–August 2026. Crude steel production reached 70.3 Million Tonnes (Mt), and finished steel production stood at 68.1 Mt, registering year-on-year growth compared to the corresponding period last year. Finished steel consumption grew to 70.3 Mt. In terms of trade, India remained a net importer of finished steel by quantity during Apr–Aug 2026, with imports and exports both registering increases. Key updates include reviews of SAIL's expansion plans, NMDC's production milestones, an MoU between SRTMI and Sweden's SWERIM on green steel and decarbonisation R&D, and the launch of a CO2 Dashboard at SAIL's Bhilai Steel Plant.