Summary:

India's steel sector performed admirably in 2025–2026, keeping it as the second-largest producer in the world. Due to strong domestic demand, crude steel production increased by 10.7% to over 168.4 million tons. With the help of expansion in manufacturing, railroads, infrastructure, and construction, finished steel consumption reached 164 million tons. India became a net exporter once more as exports increased by 35.9% to 6.6 million tonnes while imports decreased by 31.7%. With continued developments, steel capacity reached 220 million tonnes and is predicted to reach 300 million tonnes by 2030. However, growing raw material costs, transportation costs, worldwide price volatility, and disruptions in the energy supply that impacted production reliability put pressure on profitability.

Source: IBEF

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