India's finished steel production has been provisionally estimated at 95.5 million mt in the April-October of the fiscal year 2026-27, up 3.9 percent year on year, according to data released by the Ministry of Steel on Friday, November 6.
The data showed that India's finished steel consumption reached 99.3 million mt during the period, up 7.5 percent year on year.
The country's total crude steel output in the April-October period of FY 2026-27 is estimated at 99.1 million mt, up 2.6 percent year on year.
Notably, India remained a net steel importer during the period, with imports rising 28.9 percent to an estimated 4.90 million mt, while exports increased 15.5 percent to 3.98 million mt, year on year.
In October 2026, imports rose by 65.8 percent year on year to 0.76 million mt, while exports fell by 32 percent to 0.44 million mt, the data showed.
