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India’s crude steel production reaches 14.21 MT in May

05 Jun 2026 Evaluate

The Ministry of Steel in its latest data showed that crude steel production reached 14.21 million tonnes (MT) in May 2026, up 2.9% year-on-year (YoY). Hot metal production grew 2.0% YoY, while pig iron output (0.77 million tonnes) posted a growth of 1.1% YoY. Finished steel production reached 13.94 MT in May 2026, up 7.7% YoY. Finished steel consumption in May 2026 was 14.33 MT, registering growth of 9.0% YoY.

For the April-May period of 2026, crude steel production was 28.04 MT, up 2.7% over 27.30 MT in April-May 2025. Hot metal production grew 2.7%, while pig iron output (1.50 million tonnes) posted a growth of 0.2%. Finished steel production reached 27.36 MT, up 6.4% over corresponding period of last year. Finished steel consumption in April-May 2026 was 27.36 MT, registering growth of 8.7%, driven by sustained demand from construction, infrastructure, and manufacturing end-use segments.

On the trade front, imports stood at 0.69 MT in May 2026 as compared to 0.42 MT in May 2026, a growth of over 60%. Exports stood at 0.51 MT in May 2026, registering YoY growth of around 30% over 0.39 MT in May 2025.

During April-May 2026 period, imports were at 1.37 MT as compared to 0.94 MT in April-May 2025, a growth of around 45%. Similerly, exports stood at 0.98 MT during April-May 2026, a growth of around 27% as compared to 0.77 MT April-May 2025. Though, India was net importer of steel as imports are higher than exports during the period.

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