India’s steel sector maintained healthy growth momentum in April 2026, supported by strong domestic demand from infrastructure, construction and manufacturing sectors.

Crude steel production rose 5.8% year-on-year to 14.09 million tonnes, while finished steel consumption increased 8.1% YoY to 12.99 million tonnes, reflecting sustained industrial activity. Finished steel production also grew 3.4% YoY to 13.05 million tonnes.

On the pricing front, domestic steel prices extended their recovery across major categories. TMT/Rebar prices increased around 2.6% month-on-month, while HR Coil and GP Sheet prices recorded sharper gains of nearly 6–7%, driven by improved demand conditions.

India remained a marginal net importer during the month, with steel imports rising 30.8% YoY and exports growing 24.9% YoY.

The sector also continued to witness strong investment activity, with major steelmakers expanding capacities in line with the National Steel Policy target of achieving 300 MTPA capacity by 2030.