Domestic Demand Drives India's Steel Sector in H1 FY 2026–27

India's steel sector saw domestic demand drive growth in the first half of FY 2026–27, with finished steel consumption rising to 85.0 Mt from 79.0 Mt in the corresponding period of the previous year.

• Crude steel production in April–September 2026 reached 85.1 Mt, up from 82.7 Mt in the previous year.
• The Ministry of Steel prepared the draft National Steel Policy – Vision 2047, targeting 604 MT capacity by 2047.
• SAIL signed MoUs with Odisha, Chhattisgarh, and West Bengal under the PM-SETU scheme to upgrade ITI clusters.
• NMDC and SAIL established subsidiaries in GIFT City: NMDC Global IFSC Limited and SAIL Global IFSC Limited.
• MOIL recorded a record H1 manganese ore production of 0.96 Mt in April–September 2026.
• The Ministry of Steel issued 104 Green Steel Certificates to distinct steel producers up to October 2026, with most products receiving 5-star ratings.