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According to the latest preliminary data from India's Joint Plant Committee, driven by growth in both demand and exports, India's crude steel production reached 168.42 million tonnes in the 2025–26 fiscal year (April 2025 to March 2026), a year-on-year increase of 10.7%. JIS G 3313 SECG steel strip, During the same period, finished steel production stood at 160.94 million tonnes (up 9.7% year-on-year), while consumption reached 160.74 million tonnes (up 7.6% year-on-year).
In terms of trade, India's finished steel exports rose by 35.9% year-on-year to 6.60 million tonnes in the 2025–26 fiscal year, while imports fell by 31.7% to 6.52 million tonnes. Consequently, after being a net importer of finished steel for two consecutive years, India returned to the status of a net exporter in the fiscal year that just ended. JIS G 3313 SECG steel strip, The decline in imports is primarily attributed to policy support measures—including safeguard duties, anti-dumping actions, and stricter quality controls under Bureau of Indian Standards (BIS) certification requirements—which curbed the influx of low-priced overseas products.
In March alone, India’s crude steel production stood at 14.54 million tonnes, up 3.8% year-on-year, while finished steel output reached 13.92 million tonnes, a 1.2% increase. Exports for the month totaled approximately 585,000 tonnes (up 29.1% year-on-year), and imports amounted to 521,000 tonnes (down 9.4% year-on-year).
Looking ahead to the 2026–27 fiscal year, India’s steel demand is projected to continue growing, driven primarily by federal budget allocations for infrastructure and initiatives to decarbonize the steel industry. The budget earmarks ₹12.2 trillion (approximately US$130.69 billion) for the infrastructure sector, up from ₹11.2 trillion in the previous fiscal year.
However, India’s steel exports are expected to face downward pressure in the new fiscal year, largely due to the European Commission's plan to adjust safeguard measures effective July 1. JIS G 3313 SECG steel strip, Under the proposed changes, the EU intends to cut quotas by nearly 50%, raise the tariff rate for imports exceeding quotas from 25% to 50%, and introduce "melt and pour" rules of origin.
