Gadchiroli pitched as Maharashtra’s future green steel hub India set to drive next global steel demand wave Italy crude steel output rises 3.1% in May Green steel progress remains slow worldwide
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.
Also Read : China to Build Coal-Fired Power Plants Until 2027 JSW Kalinga Steel Eyes Rs 9,500 Crore Bond Fundraise
For the next six months, the government has extended the deadline for industries engaged in the mini...
Non-Ferrous 06-Feb-2024
In a meeting of the India-US initiative on Critical and Emerging Technology (iCET) in New Delhi, l...
Business 18-Jun-2024
India awarded a massive 13,124 MW in new renewable energy bids in May 2024 as part of a significant...
Renewables 11-Jun-2024
According to an analysis by analysts led by Emma Jones, there might be an extra $102 to $190 per ton...
Ferrous 15-Feb-2024
✅ SAIL to increase Rourkela Steel Plant capacity to 9 MT by 2030.✅ ₹30,000 crore investment to upg...
Business 17-Mar-2025
Longer disruptions at the crucial Red Sea trade route may hurt manufacturing lines of some sectors l...
Business 28-Jan-2024