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In the first quarter of the 2026/27 fiscal year (April–June 2026), India’s steel industry maintained steady growth. Official data from the Indian Ministry of Steel indicates positive trends across key metrics, including production, domestic consumption, and capacity expansion.
Between April and June, India’s crude steel production reached 42.1 million tonnes, a 3% increase year-on-year. JIS G 3302 SGH540+A steel, The growth rate for finished steel was even higher, rising 5.9% year-on-year to 41 million tonnes. Pig iron production grew by 1.4% year-on-year to 23.5 million tonnes. Domestic demand for finished steel increased by 8.3% year-on-year to 41.6 million tonnes, driven primarily by substantial budgetary spending on infrastructure, housing construction, the railway sector, and steady growth in the automotive and engineering industries.
Despite strong domestic production, India remained a net importer of finished steel products at the end of the quarter. JIS G 3302 SGH540+A steel, Steel imports rose by 49.2% year-on-year to 2.06 million tonnes, while exports increased by 31.4% year-on-year to 1.59 million tonnes. In response to complaints from domestic producers, India’s Directorate General of Trade Remedies has formally initiated anti-dumping investigations into hot-rolled flat steel products from China, Japan, and Russia.
By the end of the quarter, India’s total steel production capacity reached 221.9 million tonnes per annum (mtpa). Under the National Steel Policy, India has set a strategic goal to expand its capacity to 300 mtpa by 2030. JIS G 3302 SGH540+A steel, Previous reports indicate that India’s steel demand is growing at an annual rate of 7% to 8%—a momentum expected to persist, driven by infrastructure development and expansion in emerging growth sectors such as data centers, shipbuilding, and defense manufacturing.
