India’s steel sector recorded steady growth during April–July FY27, driven by strong domestic demand and higher production. Finished steel consumption increased significantly, while exports also grew. However, higher imports made India a net importer of finished steel during the period.

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• India’s crude steel production increased 2.6% YoY to 56.3 million tonnes (MT) during April–July FY27.
• Finished steel production rose 4.0% YoY to 54.3 MT.
• Hot metal production increased 1.5% YoY to 31.6 MT.
• Domestic consumption of finished steel reached 55.9 MT, registering 7.8% YoY growth.
• Strong steel demand was supported by infrastructure, construction, and manufacturing sectors.
• Finished steel exports increased 35% YoY to 2.29 MT.
• Finished steel imports increased 36.6% YoY to 2.77 MT.
• Higher imports resulted in India becoming a net importer of finished steel during the period.
• SAIL reported a net profit of ₹1,636 crore in Q1 FY27.
• SAIL recorded ₹26,246 crore revenue from operations in Q1 FY27.
• NMDC achieved its highest-ever July production of 4.06 MT.
• SAIL received technology transfer from DRDO’s Defence Metallurgical Research Laboratory (DMRL) to manufacture specialised steel grades for naval ships and submarines.
• SAIL commissioned its first 0.18 MTPA Micro Pellet Plant at the Rourkela Steel Plant.
• The Micro Pellet Plant will help recycle steelmaking waste into value-added products and support resource efficiency and green steel production.
• NMDC held discussions in Argentina to explore investment and partnerships in copper and other strategic minerals.
• These developments aim to strengthen domestic steel production, supply-chain resilience, sustainable manufacturing, and defence manufacturing.