Summary:

In April 2026, India's steel industry continued to grow rapidly due to strong demand from the manufacturing, building, and infrastructure sectors. The Ministry of Steel reports that while finished steel output increased 3.4% to 13.05 million tonnes, crude steel production increased 5.8% year over year to 14.09 million tonnes. Consumption of finished steel increased by 8.1% to 12.99 million tonnes, indicating continued industrial activity. India was a marginal net importer with imports of 0.68 million tonnes and exports of 0.47 million tonnes. Both imports and exports increased significantly from April 2025. In 2025–2026, capacity was close to 220 MTPA; by 2030, it is expected to reach 300 MTPA. Prices are rising, major companies are increasing capacity, and green steel efforts are spreading.

Source: IBEF

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