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DD News 2026-11-05
India's Steel Consumption Approaches 100 Million Tonnes from April to October India's finished steel consumption reached 99.3 million tonnes from April to October 2026, marking a 7.5 percent increase compared to the same period last year, according to data from the Ministry of Steel. This growth outpaced domestic production, which rose 3.9 percent to 95.5 million tonnes. In October alone, finished steel demand grew 6.6 percent year-on-year to 14.3 million tonnes, while crude steel production slightly increased by 0.7 percent to 14.1 million tonnes. Additionally, India remained a net importer of finished steel, with imports rising significantly by 28.9 percent during the same period.
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