India’s steel consumption hits 99.3 million tonnes in seven months, up 7.5%

India's finished steel consumption reached 99.3 million tonnes in April–October 2026, up 7.5 per cent from a year earlier, as steel prices rose by a quarter or more across major products.

The Steel Ministry's monthly summary shows October consumption at 14.3 million tonnes, up 6.6 per cent on October 2025.

Production

Crude steel output was 14.1 million tonnes in October (up 0.7 per cent) and 99.1 million tonnes for April–October (up 2.6 per cent). Finished steel production was 13.4 million tonnes in October (up 2.8 per cent) and 95.5 million tonnes in seven months (up 3.9 per cent). Hot metal fell 2.9 per cent in October to 7.9 million tonnes. Seven large producers made 55.6 million tonnes of crude steel; the public sector's share was 13.9 per cent of capacity.

Prices in October (₹ a tonne, up on a year earlier)

Product	October	Year on year
TMT (10 mm)	₹66,645	+26.0%
HR coil	₹77,620	+31.6%
CR coil	₹87,010	+33.3%
GP sheet	₹95,365	+33.6%

Trade

October imports were 0.76 million tonnes, up 65.8 per cent, while exports fell 32.0 per cent to 0.44 million tonnes. For April–October, imports were 4.90 million tonnes against exports of 3.98 million, making India a net importer of finished steel by quantity.

Other items

The ministry exempted 162 grades of semi-finished stainless steel from quality-control compliance until 31 March 2027. SAIL reported a roughly 315 per cent rise in half-year profit after tax to ₹1,774 crore and approved a ₹1,714 crore plan for its Durgapur alloy steels plant. NMDC produced 5.04 million tonnes of iron ore in October, up 18 per cent. A ministry delegation visited Sydney for the IMARC conference.

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Source: official release by the Ministry of Steel, issued through the Press Information Bureau, Government of India (05 NOV 2026 7:05PM by PIB Delhi). Read the full official text: India’s Finished Steel Consumption Nears 100 Mt in Seven Months (April-October 2026).