India's Steel Sector Posts Steady Growth in H1 FY 2026–27

The Ministry of Steel released provisional data indicating steady growth in India's steel sector for the first half of FY 2026–27. Crude steel production reached 85.1 million tonnes (a 2.9% increase over CPLY), while finished steel consumption grew by 7.5% to 84.9 million tonnes. India remained a net importer of finished steel in terms of quantity during this period. Key policy and industry developments include the decision to establish a Steel Industry Safety Council and Directorate, the commissioning of NMDC's 2 MTPA pellet plant in Chhattisgarh, a memorandum of understanding between SAIL and BCCL for coal block development, and the issuance of 101 Green Steel Certificates under the Ministry's Green Steel Initiative.