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’s rolled steel imports rose sharply in the first 11 months of FY26, highlighting the gap between fast-growing demand and local supply dynamics. Imports climbed 36.6% year-on-year to 6.02 million tonnes during April 2025 to February 2026, even as domestic steel consumption stayed strong.
At the same time, India’s rolled steel exports fell 37.4% to 5.6 million tonnes, pointing to a market increasingly focused on domestic needs. Steel consumption grew 7.2% year-on-year to 147.7 million tonnes, while production rose 11.2% to 153.61 million tonnes during the same period.
The trend shows India remains a major growth market for steel, with rising infrastructure activity, industrial demand and manufacturing expansion supporting consumption. Even with higher production, import volumes have increased as buyers continue to source material from overseas to meet specific requirements and supply gaps.For the steel trade, the latest numbers underline strong market momentum but also signal pressure on local producers to improve competitiveness, product mix and supply response in a fast-expanding market.
Also Read : Govt proposes tax benefits to startups, pension funds Vardhman Special Steels Announces ₹2,000 Crore Greenfield Plant in Punjab
At the 23rd World Sustainable Development Summit in New Delhi, Union Minister of Power and New &...
Announcement 12-Feb-2024
A delegation from the Steel Executives Association (SEA) has met several Members of Parliament to re...
Construction 08-Dec-2025
Indian business activity expanded at its fastest pace in seven months in February as demand remained...
Business 22-Feb-2024
AM/NS India Launches Advanced Steel Line for Auto Sector at Hazira AM/NS India has commissioned its...
Automobiles 17-Jul-2025
Rare earth prices have likely bottomed out and are poised to rise later this year on demand from ele...
Non-Ferrous 05-Feb-2024
Finnish companies are being encouraged to use their procurement strategies to accelerate carbon emis...
Business 28-May-2026