India's Steel Sector Posts Steady Growth in H1 FY 2026–27

Ministry of Steel India's Steel Sector Posts Steady Growth in H1 FY 2026–27

Posted On: 06 OCT 2026 12:03PM by PIB Delhi

1. Steel Production & Prices 1a. Production Overview (in Mt) Production Sep 2026 Sep 2025 YoY % Apr-Sep Apr-Sep CPLY % 2026 2025 Crude Steel 14.1 13.7 3.4 85.1 82.7 2.9 Hot Metal 7.9 7.9 0.2 48.3 47.2 2.5 Finished Steel 13.5 13.2 1.9 81.8 78.8 3.7 1b. Producer wise Production (Apr-Sep 2026) (in Mt) Producer Annual Crude Crude Steel Hot Metal Finished Steel Production Production Steel Capacity Production Top 7 117.4 47.7 44.8 44.1 Remaining producers 105.4 37.4 3.5 37.7 TOTAL 222.9 85.1 48.3 81.8 Public Sector Share (%) 13.9 15.5 29.4 13.5 Top 7 includes SAIL, RINL, NSL, TSL Group, AM/NS, JSL(JSPL), JSW Group 1c. Steel Prices (in ₹/tonne) Product Jul-26 Aug-26 Sep-26 MoM % YoY % TMT (10 mm) ₹ 56,698 ₹ 58,002 ₹ 65,298 12.6% 21.0%HR Coil (2 mm) ₹ 69,828 ₹ 70,448 ₹ 76,085 8.0% 26.8% CR Coil (0.63 mm) ₹ 76,582 ₹ 76,462 ₹ 84,972 11.1% 28.8% GP Sheet (0.63 mm) ₹ 86,415 ₹ 86,668 ₹ 94,148 8.6% 27.7%

Note: Prices are inclusive of GST and shown in ₹/tonne, based on average prices from four metro cities—Kolkata, Delhi, Mumbai, and Chennai.

2. Demand (in Mt) Indicator Sep 2026 Sep 2025 YoY % Apr-Sep Apr-Sep CPLY % 2026 2025 Finished Steel 14.4 13.3 8.0 84.9 79.0 7.5 Consumption

3. Trade Dynamics 3a. Finished Steel — Import & Export Indicator Unit Sep-26 Sep-25 YoY % Apr-Sep Apr-Sep CPLY % 2026 2025 Imports '000 t 654.4 651.9 0.4 4141.8 3344.8 23.8 Rs 7496.2 5032.9 48.9 43690.1 31205.4 40.0 Crore Exports '000 t 561.8 584.0 -3.8 3547.8 2810.2 26.2 Rs 4617.1 4020.4 14.8 28263.7 21931.5 28.9 Crore Net Trade India was net importer of finished steel in terms of quantity for the period of Apr-Sep Position 2026

4. Raw Materials 4a. Domestic Raw Material Prices (₹/tonne) Commodity Jul 2026 Aug 2026 Sep 2026 MoM Change NMDC Iron Ore Baila Lump ₹ 5,450 ₹ 5,250 ₹ 5,400 2.9% (65.5%, 10-40 mm) NMDC Iron Ore Baila Fines ₹ 4,700 ₹ 4,500 ₹ 4,500 - (64%, 0-10 mm) MOIL Manganese Ore Lump (Mn ₹ 18,530 ₹ 17,603 ₹ 17,603 - 37%, Fe 7.5%)Scrap — HMS II ₹ 38,580 ₹ 39,970 ₹ 43,810 9.6%

5. Key Indices Index Jul 2026 Aug 2026 Sep 2026 MoM YoY Change Change Nifty Metal Index (avg.) 12,556.4 13,181.8 13,053.7 -1.0% 32.7% PMI Manufacturing Index 53.5 52.8 55.1 4.4% -4.5% Baltic Dry Index (avg.) 2,769.9 2,951.1 3,407.7 15.5% 60.4%

Source: NSE, S&P Global, Trading Economics

6. Policy Initiatives/Industry Initiatives The Ministry of Steel has decided to set up a Steel Industry Safety Council (SISC), an apex body chaired by Secretary, Ministry of Steel, to strengthen safety standards, accident prevention and safety culture across the steel industry. A dedicated Steel Industry Safety Directorate (SISD) will support the Council through safety audits, investigation of serious incidents and issuance of safety standards suited to Indian conditions, covering iron and steel producers and CPSE mines.

NMDC commissioned its 2 MTPA pellet plant at Nagarnar, Chhattisgarh, completing its ₹5,427-crore integrated project.

The project comprises an iron ore processing plant at Bacheli, a 135-km, 15 MTPA slurry pipeline and the Nagarnar pellet plant, which uses Straight Grate Induration technology. It will enable value addition from Bailadila iron ore fines and slimes, reduce road transport of ore and strengthen NMDC's presence across the iron ore value chain.

NMDC's iron ore production rose 8% YoY to 4.04 Mt in September 2026, taking H1 FY 2026–27 output to 27.3 Mt, up nearly 23% over H1 FY 2025–26, keeping the company on track towards its annual production targets.

SAIL and Bharat Coking Coal Limited (BCCL) signed an MoU for the joint development and operation of SAIL's Indikatta Ramnagore Coal Block and BCCL's East of Damagoria (Kalyaneshwari) Coal Block in West Bengal. The partnership strengthens cooperation between the two CPSEs and supports the development of domestic coking coal sources.

SAIL's Rourkela Steel Plant commissioned an in-house AI-based safety surveillance system at Hot Strip Mill-2. The system uses 10 IP cameras and computer vision to detect helmet violations and trigger automated alarms. It also logs time- stamped events, and future phases will extend it to other PPE violations, unsafe acts, fire and other hazards.

7. Green Steel Initiatives Under the Ministry of Steel’s Green Steel Initiative, 101 distinct steel producers have been issued Green Steel Certificates across the lists issued up to September 2026. The certification covers products including TMT bars, HR/CR coils, plates, wire rods, pipes and other steel products, with a large majority of certified products receiving 5-star ratings, reflecting the growing adoption of lower-emission steelmaking practices across India’s steel industry.

Jadavpur University, in collaboration with SAIL, DVC and HURL, is setting up a ₹8.18-crore Centre of Excellence for green hydrogen research, one of four approved by the Ministry of New and Renewable Energy. SAIL will test and apply the technologies developed at its facilities, supporting green hydrogen use in steel, power and fertiliser production under the National Green Hydrogen Mission.

Source: Provisional JPC data for Sep 2026. Mt = Million Tonnes; Mtpa = Million Tonnes Per Annum; MoM = Month- on-Month; YoY = Year-on-Year; CPLY = Corresponding Period Last Year. *** AG (Release ID: 2319469)Visitor Counter : 655

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