Ministry of Steel

October 12, 2026 2:26 PM

India Plans Triple Steel Capacity by 2047

India envisages a near threefold expansion in crude steelmaking capacity to 604 million tonnes by 2047 and raise finished steel demand to 505 million tonnes, while reducing dependence on imported coking coal, according to the draft National Steel Policy – Vision 2047. The policy framework projects per capita steel consumption rising to 302 kg from the current 116 kg, while India’s crude steel production has already increased from 89 million tonnes in 2014-15 to 170 million tonnes in 2025-26,...

August 25, 2026 4:35 PM

India’s finished steel output rises 4.7% in April-July, consumption grows 7.9%

India’s finished steel production rose 4.7 per cent year-on-year to 54.7 million tonnes (MT) during April-July 2026, while consumption grew at a faster pace of 7.9 per cent to 56 MT, signalling sustained strength in domestic steel demand, according to provisional data released by the Ministry of Steel. Crude steel production increased 2.4 per cent to 56.2 MT during the four-month period, compared with 54.9 MT in the corresponding period last year. Hot metal production also rose 2.7 per cent t...

July 1, 2026 3:11 PM

Govt grants Miniratna status to MECON Limited

The Ministry of Steel has approved the granting of Miniratna Category-I status to engineering major MECON Limited, as the Central Public Sector Enterprise (PSE) has achieved the required financial milestones which include generating continuous profits in the last three years, according to an official statement issued on Wednesday. The company recorded a profit before tax (PBT) of Rs 77.62 crore in FY 2023-24 (restated), Rs 32.08 crore in FY 2024-25 and Rs 104.53 crore in FY 2025-26. The public ...

January 9, 2025 4:09 PM

SAIL provides 45,000 tonnes of steel for key infrastructure at Mahakumbh Mela 2025

According to the Ministry of Steel, the Steel Authority of India Limited (SAIL), a Maharatna and the largest steel-making public sector company in the country, has provided approximately 45,000 tonnes of steel for the upcoming Mahakumbh Mela 2025, to be held in Prayagraj. The steel supply consists of chequered plates, hot strip mill plates, mild steel plates, angles, and joists. SAIL had previously contributed steel during the Mahakumbh Mela in 2013, further demonstrating the company’s long-s...

November 10, 2024 5:46 PM

India’s steel exports record double-digit growth in October

India's steel exports recorded a double-digit growth of 11 percent in October compared to the previous month, indicating an improved outlook for the sector, according to data compiled by the Ministry of Steel. The country's steel exports rose to 4.4 million tonnes in October, up from 4 lakh tonnes in September. Meanwhile, imports declined, which will help domestic steel companies fetch better prices for their products in the third quarter, a senior official said. Imports slowed for the first t...