steel consumption

October 6, 2026 3:39 PM

India’s steel consumption rises 7.5% in H1 FY27; crude steel output grows 2.9%

India’s finished steel consumption rose 7.5% to 84.9 million tonnes during April–September 2026, while crude steel production increased 2.9% to 85.1 million tonnes, according to provisional Joint Plant Committee data released by the Ministry of Steel on Tuesday. The country remained a net importer of finished steel by volume during the first half of FY 2026–27, with imports increasing 23.8% and exports rising 26.2% over the corresponding period last year. Finished steel production reache...

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 6, 2026 6:17 PM

India’s steel production, consumption grow strongly in Q1 FY2026; output rises 3%, demand up over 8%

India's steel sector registered steady growth during the first quarter of FY2026, with crude steel production, finished steel output and domestic consumption recording healthy year-on-year increases, reflecting sustained demand across key sectors of the economy. According to the Ministry of Steel, crude steel production rose to 42.1 million tonnes (MT) during April-June 2026, registering a 3 per cent increase over 40.8 MT produced during the corresponding period last year. Finished steel produc...

July 11, 2025 1:06 PM

India’s economic growth on track despite global challenges: report

India’s economic growth continues to remain on track despite global uncertainties, supported by improvements in key high-frequency indicators in both the services and manufacturing sectors, according to a report by Bank of Baroda released on Friday. The report notes that consumption has gained momentum in the first quarter (Q1) of FY26 compared to the previous quarter. Higher steel consumption, a rise in electronic imports, and increased central government revenue expenditure have contributed...