Ministry of Steel data: India's finished steel demand climbs 7.5% to 99.3 million tonnes in April-October 2026

Key facts

• India's finished steel consumption rose 7.5 per cent year-on-year to 99.3 million tonnes during April-October 2026, up from 92.4 million tonnes, according to provisional Joint Plant Committee data released by the Ministry of Steel.
• Finished steel production grew 3.9 per cent to 95.5 million tonnes and crude steel output rose 2.6 per cent to 99.1 million tonnes during April-October 2026.
• India remained a net importer of finished steel, with imports up 28.9 per cent at 4.90 million tonnes against exports of 3.98 million tonnes, up 15.5 per cent, during April-October 2026.
• The Ministry of Steel exempted 162 grades of semi-finished stainless steel products under IS 14650 from Quality Control Order compliance until March 31, 2027 to address MSME concerns.
• SAIL's profit after tax rose about 315 per cent to ₹1,774 crore in Q2 FY27 and it approved a ₹1,714-crore expansion of its Alloy Steels Plant in Durgapur.
• 108 distinct steel producers had received Green Steel Certificates under the Ministry's Green Steel Initiative through October 2026, with a large majority getting five-star ratings.