Steel sector delivers robust performance in last financial year, consolidating its position as world’s 2nd

The Ministry of Steel today said that the country’s steel sector delivered a robust performance in the last financial year, consolidating its position as the world’s second-largest producer. It said that the sector recorded significant gains in production, consumption, and exports, driven by strong domestic demand and expanding infrastructure activity.
As per the data released by the Ministry, the country’s crude steel output has grown by over 10.7 per cent year-on-year to around 168 million tonnes during 2025-26. Finished steel exports surged by 35.9 per cent, reaching over 6 million tonnes during April 2025 to March 2026 period while imports declined sharply by 31.7 per cent. The industry witnessed continued investments aimed at expanding production capacity.
The country’s total steel capacity stands at about 220 million tonnes in the financial year 2025-26 and is projected to reach 300 million tonnes by 2030. The Ministry said that this growth of the sector amid global uncertainties and price pressures showcases that the industry is well-positioned to remain a key pillar of the country’s industrial and economic development.