Thursday, June 25, 2026
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Markets

Market: Steel industry sustains growth trajectory

Fiinews by Fiinews
June 6, 2026
in Markets
Reading Time: 3 mins read
A A
0
Tata Steel
0
SHARES
12
VIEWS
LinkedinShare on Twitter

220 MTPA steel produced in 2025-26

The Indian steel industry is well-positioned to sustain its growth trajectory, underpinned by robust infrastructure spending and expanding manufacturing activity, the Steel Ministry said on 4 June.

However, weakening steel prices, coupled with rising raw material costs, are expected to put pressure on producer margins in the near term, even as domestic demand fundamentals remain supportive, it added.

India’s total crude steelmaking capacity reached at approximately 220 MTPA in FY 2025–26, keeping the industry on track to achieve the National Steel Policy target of 300 MTPA by 2030, the Ministry said in an update on the industry.

In a significant step towards the target, SAIL has approved the expansion of its Bhilai Steel Plant from present crude steel capacity of 6.8 MTPA to 10.2 MTPA. Further, JSW Steel commenced construction of its integrated steel plant at Paradip, Odisha in May 2026 — a phased development with a planned capacity of 13.2 MTPA.

Overall, crude steel production reached 14.21 million tonnes in May 2026, up 2.9% year-on-year (YoY) while hot metal production grew 2.0% YoY, and pig iron output (0.77 million tonnes) posted a growth of 1.1% YoY.

Finished steel production reached 13.94 million tonnes in May 2026, up 7.7% YoY, and finished steel consumption in May 2026 was 14.33 million tonnes, registering growth of 9.0% YoY, the Ministry said.

Crude steel production was 28.04 million tonnes during Apr-May 2026, up 2.7% over the corresponding period last year (CPLY), compared with 27.30 million tonnes in April–May 2025. Hot metal production grew 2.7% CPLY, while pig iron output (1.50 million tonnes) posted a growth of 0.2% CPLY. Finished steel production reached 27.36 million tonnes, up 6.4% CPLY. Finished steel consumption in April–May 2026 was 27.36 million tonnes, registering growth of 8.7% CPLY, driven by sustained demand from construction, infrastructure, and manufacturing end-use segments.

Trade Dynamics

On the trade front, imports stood at 0.69 million tonnes and exports at 0.51 million tonnes in May 2026, registering year-on-year growth of 62.5% and 29.9% over May 2025 levels of 0.42 million tonnes and 0.39 million tonnes respectively.

Imports were 1.37 million tonnes and exports at 0.98 million tonnes during Apr–May 2026, making India a net importer during the period. Compared with Apr–May 2025, when imports were 0.94 million tonnes and exports were 0.77 million tonnes, imports and exports grew by 45.0% and 27.4%, respectively, during Apr–May 2026.

Green Steel Initiatives

Under the Ministry of Steel’s Green Steel Initiative, as on 31st May 2026, green steel certificates had been issued to 94 producers across 15 states, spanning products including TMT Bars, HR/CR Coils, Plates, Wire Rods, and Pipes, with a majority of certified products achieving the highest 5-star rating — reflecting strong uptake of the initiative across secondary and mid-size steel producers.

Steel Price Scenario

Domestic steel prices decreased month-on-month (MoM) in May 2026 across all major product categories. TMT/Rebar prices declined ~1.3% MoM, though they still registered a ~4.5% YoY gain — marking the first positive YoY reading after several months of weakness. Flat steel prices also declined, with HR Coil and GP Sheet prices both falling by approximately 0.2% MoM.

Raw Material Overview

Raw material prices strengthened further in May 2026 compared to April 2026. NMDC increased domestic iron ore prices by Rs.200 per tonne during the month. MOIL’s manganese ore production in May 2026 was 0.17 million tonnes, up 4% month-on-month, while its manganese ore prices eased by 4% during the month.

Global seaborne iron ore prices remained volatile during May 2026. International coking coal costs edged up 2.8% further month-on-month to US$239/tonne, sustaining elevated input cost pressures for integrated BF-BOF producers heading into Q2 FY 2026–27. International scrap prices also moved higher during the month, adding to input cost pressures for the electric route steelmakers. Fiinews.com

Tags: Ministry of Steel
ShareTweetShare

Related Posts

Piramal 2
Markets

Market: PPS gets 70 global approvals

by Fiinews
June 23, 2026
0
19

Najmi says discipline helps deliver consistency and reliability customers expect Mumbai-listed Piramal Pharma Solutions (PPS), a leading global Contract Development...

HSBC
Markets

Market: HSBC strengthens footprint in India

by Fiinews
June 23, 2026
0
14

Batra sees entrepreneurship and innovation fuelling economic growth HSBC India, a part of London-headquartered HSBC, has opened a branch in...

Vinfast

Market: VinFast-Tata to provide auto financing

June 22, 2026
20
GS

Market: Envoy urges industry to tap opportunities

June 20, 2026
17
FICCI - Navita Myer.

Market: FICCI attend Singapore industry shows

June 20, 2026
18
Saint-Gobain

Market: PM Modi exchanges views with CEOs at G7

June 20, 2026
15
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Investment: India welcomes US investment and technology collaboration

    0 shares
    Share 0 Tweet 0
  • Market: PM Modi-President Zelenskyy discussed trade and technology

    0 shares
    Share 0 Tweet 0
  • Manufacturing: Approved ‘BioE3’of Biotechnology Dept

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Export: BHARATI cultivates global supply network
  • Tender: 96 road works approved for Tripura
  • Project: Vedanta’s 5 units for industrial growth
  • Tech: Noida Airport adopts Octave Attune EAM
  • Project: VOC makes decarbonisation progress

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.