1. Steel Production & Prices
1a. Production Overview (in Mt)
| Production | Sep 2026 | Sep 2025 | YoY % | Apr-Sep 2026 |
Apr-Sep 2025 |
CPLY % |
| Crude Steel | 13.9 | 13.7 | 1.9 | 85.1 | 82.7 | 2.9 |
| Hot Metal | 8.1 | 7.9 | 1.7 | 48.4 | 47.2 | 2.7 |
| Finished Steel | 13.6 | 13.2 | 3.2 | 82.0 | 78.8 | 4.1 |
1b. Producer wise Production (Apr-Sep 2026) (in Mt)
| Producer | Annual Crude Steel Capacity |
Crude Steel Production |
Hot Metal Production |
Finished Steel Production |
| Top 7 | 117.4 | 47.8 | 44.9 | 44.3 |
| Remaining producers | 105.6 | 37.3 | 3.5 | 37.8 |
| TOTAL | 223.0 | 85.1 | 48.4 | 82.0 |
| Public Sector Share (%) | 13.9 | 15.5 | 29.3 | 13.5 |
| Top 7 includes SAIL, RINL, NSL, TSL Group, AM/NS, JSL(JSPL), JSW Group | ||||
Crude Steel Production Distribution for Apr-Sep 2026
1c. Steel Prices (in ₹/tonne)
| Product | Aug-26 | Sep-26 | Oct-26 | MoM % | YoY % |
| TMT (10 mm) | ₹ 58,002 | ₹ 65,298 | ₹ 66,645 | 2.1% | 26.0% |
| HR Coil (2 mm) | ₹ 70,448 | ₹ 76,085 | ₹ 77,620 | 2.0% | 31.6% |
| CR Coil (0.63 mm) | ₹ 76,462 | ₹ 84,972 | ₹ 87,010 | 2.4% | 33.3% |
| GP Sheet (0.63 mm) | ₹ 86,668 | ₹ 94,148 | ₹ 95,365 | 1.3% | 33.6% |
Note: Prices are inclusive of GST and shown in ₹/tonne, based on average prices from four metro cities—Kolkata, Delhi, Mumbai, and Chennai.
1d. Alloy Steel — Production, Import, Export & Consumption (in ‘000t)
| Indicator | Sep 2026 | Sep 2025 | YoY % | Apr-Sep 2026 |
Apr-Sep 2025 |
CPLY % |
| Production | 1027.2 | 749.3 | 37.1% | 5834.2 | 4419.8 | 32.0% |
| Import | 87.9 | 79.4 | 10.7% | 601.8 | 566.5 | 6.2% |
| Export | 17.4 | 11.0 | 58.2% | 196.1 | 74.3 | 163.8% |
| Consumption | 1159.8 | 792.0 | 46.4% | 6304.7 | 4908.1 | 28.5% |
1e. Stainless Steel — Production, Import, Export & Consumption (in ‘000t)
| Indicator | Sep 2026 | Sep 2025 | YoY % | Apr-Sep 2026 |
Apr-Sep 2025 |
CPLY % |
| Production | 365.8 | 374.5 | -2.3% | 2127.7 | 2204.7 | -3.5% |
| Import | 162.8 | 56.0 | 191.0% | 805.7 | 376.2 | 114.2% |
| Export | 47.8 | 40.0 | 19.5% | 261.5 | 322.6 | -18.9% |
| Consumption | 465.0 | 398.0 | 16.8% | 2637.9 | 2246.1 | 17.4% |
2. Demand (in Mt)
| Indicator | Sep 2026 | Sep 2025 | YoY % | Apr-Sep 2026 |
Apr-Sep 2025 |
CPLY % |
| Finished Steel Consumption |
14.4 | 13.3 | 7.7% | 85.0 | 79.0 | 7.6% |
3. Trade Dynamics
3a. Finished Steel — Import & Export
| Indicator | Unit | Sep-26 | Sep-25 | YoY % | Apr-Sep 2026 |
Apr-Sep 2025 |
CPLY % |
| Imports | Mt | 0.65 | 0.65 | 0.4% | 4.14 | 3.34 | 23.8% |
| Rs Crore | 7496.2 | 5032.9 | 48.9% | 43690.1 | 31205.4 | 40.0% | |
| Exports | Mt | 0.56 | 0.58 | -3.8% | 3.55 | 2.81 | 26.2% |
| Rs Crore | 4617.1 | 4020.4 | 14.8% | 28263.7 | 21931.5 | 28.9% | |
| Net Trade Position |
India was net importer of finished steel in terms of quantity for the period of Apr-Sep 2026 | ||||||
3b. Top 5 Countries — Finished Steel Import & Export (Apr-Sep 2026)
| Rank | Import Country |
Vol. (Mt) |
Share % |
Rank | Export Country |
Vol. (Mt) |
Share % |
|
| 1 | China | 1.32 | 31.8 | 1 | UAE | 0.50 | 14.2 | |
| 2 | Korea | 1.29 | 31.1 | 2 | Vietnam | 0.48 | 13.4 | |
| 3 | Japan | 0.56 | 13.5 | 3 | Italy | 0.32 | 9.0 | |
| 4 | Indonesia | 0.28 | 6.7 | 4 | Belgium | 0.28 | 7.8 | |
| 5 | Vietnam | 0.18 | 4.4 | 5 | Nepal | 0.24 | 6.9 |
3c. Top Categories — Finished Steel Import & Export (Apr-Sep 2026)
| Rank | Import Category |
Vol. (Mt) |
Share % |
Rank | Export Category |
Vol. (Mt) |
Share % |
|
| 1 | HR Coil/Strip | 1.47 | 35.6 | 1 | HR Coil/Strip | 1.38 | 38.9 | |
| 2 | CR Coil/Sheets | 0.78 | 18.9 | 2 | Pipes | 0.50 | 14.0 | |
| 3 | GP/GC Sheets/Coil | 0.67 | 16.2 | 3 | Bars & Rods | 0.47 | 13.3 | |
| 4 | Plates | 0.34 | 8.2 | 4 | GP/GC Sheets/Coil | 0.45 | 12.7 | |
| 5 | Elect. Sheets | 0.30 | 7.2 | 5 | Plates | 0.31 | 8.8 |
4. Raw Materials
4a. Domestic Raw Material Prices (₹/tonne)
| Commodity | Sep 2026 | Oct 2026 | MoM Change |
| NMDC Iron Ore Baila Lump (65.5%, 10-40 mm) |
₹ 5,400 | ₹ 5,400 | 0% |
| NMDC Iron Ore Baila Fines (64%, 0-10 mm) | ₹ 4,500 | ₹ 4,500 | 0% |
| MOIL Manganese Ore Lump (Mn 37%, Fe 7.5%) |
₹ 17,603 | ₹ 18,483 | 5.0% |
| Scrap — HMS II | ₹ 43,810 | ₹ 42,258 | -3.5% |
5. Key Indices
| Index | Jul 2026 | Aug 2026 | Sep 2026 | MoM Change |
YoY 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
Ministry of Steel has prepared the draft National Steel Policy – Vision 2047, which targets crude steel capacity of 604 MT, per capita consumption of 302 kg and exports of 45 MT by 2047, along with a reduction in emission intensity from 2.54 to about 1.54 tonnes of carbon dioxide (CO₂) per tonne of crude steel (tCO₂/tcs).
SAIL signed MoUs with Odisha, Chhattisgarh and West Bengal under the PM-SETU scheme to serve as Anchor Industry Partner for upgrading ITI clusters, with a focus on industry-oriented skills, women’s participation and emerging technologies.
NMDC and SAIL have incorporated subsidiaries at IFSC, GIFT City: NMDC Global IFSC Limited as an investment platform for overseas mineral projects, particularly critical and strategic minerals, and SAIL Global IFSC Limited as a group treasury centre for cash and currency management.
MOIL recorded its highest-ever H1 manganese ore production of 0.96 Mt in April–September 2026, surpassing its previous H1 record of 0.943 Mt. The milestone strengthens the domestic availability of manganese ore, a key raw material for the steel industry. MOIL Limited and Madhya Pradesh State Mining Corporation Limited (MPSMCL) have set up a joint venture, MOIL MPSMCL Mining Limited, for the exploration and mining of manganese ore in Madhya Pradesh.
7. International Co-operation
Ministry of Steel officials and representatives from NMDC, SAIL, MOIL and MECON participated in the India Pavilion at Russian Energy Week 2026 in Moscow from 14 to 16 October, where India was the partner country. The delegation held discussions with officials of the Russian Ministry of Energy on bilateral cooperation, coal security and strategic investment opportunities, and participated in an India–Russia Energy Dialogue roundtable.
On the sidelines, NMDC explored cooperation with Russian companies in critical minerals and mining technologies, and invited Russian equipment manufacturers to establish manufacturing facilities in India. MOIL held discussions with Russian technology companies on AI-driven digitalisation of mining operations, while MECON signed an MoU with Zyfra LLC for digitalisation and automation solutions in the mining, metals and energy sectors. MECON also explored cooperation on steel mill rolls and on sintering and pelletisation technologies for projects in India.
8. Green Steel Initiatives
Under the Ministry of Steel’s Green Steel Initiative, 104 distinct steel producers have been issued Green Steel Certificates across the lists issued up to October 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.
NMDC signed a Gas Sales Agreement with GAIL Gas Limited for the supply of re-gasified liquefied natural gas (RLNG) to its pellet plant at Nagarnar, Jagdalpur. The switch from furnace oil is expected to ensure clean and reliable energy supply, reduce emissions and improve operational efficiency.
