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April marks sustained growth in India’s steel sector: Ministry of Steel

07 May 2026 Evaluate

Ministry of Steel in its latest release has said that India’s steel sector maintained its growth momentum in April 2026, driven by strong domestic demand and stable industrial activity in infrastructure and manufacturing, with production and consumption showing healthy year-on-year gains. Besides, domestic steel prices extended their recovery in April 2026 across all major product categories.

Crude steel production rose 5.8% year-on-year (YoY) to 14.09 million tonnes in April 2026, as compared to 13.31 million tonnes in April 2025. Hot metal production grew 5.4% YoY, while pig iron output posted a decline of 6% YoY. Beside, finished steel production reached 13.05 million tonnes, up 3.4% YoY. Finished steel consumption in April 2026 was 12.99 million tonnes, registering growth of 8.1% YoY reflecting continued buoyancy in construction, infrastructure, and manufacturing end-use segments.

On the trade front, imports stood at 0.68 million tonnes and exports at 0.47 million tonnes, making India a marginal net importer during the month. Compared to April 2025 imports of 0.52 million tonnes and exports of 0.38 million tonnes, a growth of 30.8% and 24.9% was registered in imports & exports respectively in April 2026.

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