According to data released by India's Ministry of Steel based on figures from the Joint Plant Committee (JPC), crude steel production

by %3 year on year to 42.1 million mt during the April-June 2026 period. During the same period, finished steel production

by %5.9 to 41 million mt, while finished steel consumption

by %8.3 to 41.6 million mt.

As of June 2026, the country's annual crude steel production capacity reached 221.9 million mt, bringing India closer to its target of 300 million mt of annual capacity by 2030.

In June, India's finished steel imports

by %57.9 year on year to 695,700 mt. During the same period, the value of imports

by %53 to INR 6,913.3 crore.

June exports

by %38.1 to 616,200 mt, while the value of exports

by %43.5 to INR 4,674 crore.

During the April-June period, finished steel imports

by %49.2 to 2.0639 million mt, while the value of imports

by %44.2 to INR 20,214.5 crore.

During the same period, finished steel exports

by %31.4 to 1.593 million mt, while the value of exports

by %27.6 to INR 12,475.2 crore. As a result, India remained a net importer of finished steel by volume during the first quarter of the fiscal year.

In June, alloy steel production

by %30.3 year on year to 916,000 mt. During the same period, alloy steel imports

by %37.3 to 111,100 mt, while exports

by %153.3 to 36,300 mt. Consumption also

by %26 to 998,400 mt.

During the April-June period, alloy steel production

by %28.2 to 2.7275 million mt, while imports

by %18.6 to 339,500 mt. During the same period, exports

by %106 to 78,100 mt, while consumption

by %25.6 to 3.0038 million mt.

In June, stainless steel production

by %1.9 year on year to 339,300 mt. Imports

by %66.4 to 109,500 mt, while exports

by %57.7 to 37,900 mt. During the same period, consumption

by %55.8 to 481,600 mt.

During the April-June period, stainless steel production

by %1.9 year on year to 1.0278 million mt. Imports

by %86.7 to 310,400 mt, while consumption

by %27.5 to 1.2816 million mt. Exports, meanwhile,

by %36.6 to 121,600 mt.

According to July 2026 data based on average prices in India's four major cities, the price of 10 mm rebar

by %5.6 month on month to INR 56,698/mt. However, the price remained %3.7 higher compared to the same period last year.

The price of 2 mm hot rolled coil (HRC)

by %0.4 month on month to INR 69,828/mt, while

by %13.3 year on year.

The price of 0.63 mm cold rolled coil (CRC)

by %0.6 to INR 76,583/mt, while

by %14.7 year on year.

The price of 0.63 mm galvanized plain sheet (GP Sheet)

by %0.1 month on month to INR 86,415/mt, while

by %18.9 year on year.

Capacity expansion and infrastructure investments also continued across the sector. In this context, an engineering, procurement, construction, and management (EPCM) consultancy agreement was signed with MECON to increase the crude steel production capacity of SAIL's Bhilai Steel Plant to 10.2 million mt.

Meanwhile, construction continued on the 258-kilometer slurry pipeline project that will transport iron ore to Bokaro Steel Plant, while MECON and RITES established a strategic partnership in infrastructure consultancy. SAIL also began evaluating cooperation opportunities with Indonesia's PT Krakatau Steel in stainless steel production.

Meanwhile, under the Ministry of Steel's Green Steel Initiative, Green Steel Certificates were awarded to 97 producers operating across 15 states. The ministry aims to expand low-carbon steel production and strengthen the global competitiveness of India's steel industry through these initiatives.