Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
India has returned to being a net exporter of finished steel in FY26, marking a strong comeback for the domestic steel industry. Finished steel exports climbed to 6.6 million tonnes, slightly ahead of 6.5 million tonnes in imports, helped by a sharp 35.9% rise in exports and a 31.7% drop in imports. The rebound highlights stronger global demand for Indian steel across key markets such as West Asia, Europe, and Southeast Asia.
At home, the sector also showed solid momentum. Crude steel production rose to 168.4 million tonnes, while finished steel consumption reached about 164 million tonnes, driven by demand from infrastructure, construction, railways, and manufacturing. Even with this positive shift, the industry faced pressure from volatile raw material costs and fuel supply disruptions linked to geopolitical tensions in West Asia. Overall, the FY26 performance signals improved competitiveness for Indian steelmakers and a stronger outlook for exports, production, and domestic demand.
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