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Overview of Indian Steel Sector Performance and Global Trends by Ministry of Steel

By TEAM CIRCULAR EXPRESS • 18 Oct 2026
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• This report provides a comprehensive overview of the Indian steel sector, covering global and domestic production trends from 2021-22 to 2026-27.
• It details crude steel, sponge iron, and finished steel production figures, consumption data, and international trade status.
• Key insights include India's position as the second-largest crude steel producer and the impact of the National Steel Policy 2017 and PLI schemes.
purpose of issuance
To provide an overview of the performance and trends of the Indian steel sector
Most Important Details
India is the second-largest crude steel producer globally. The sector is de-regulated, with the government acting as a facilitator. Production of crude steel reached 170.15 MT in 2025-26. India transitioned between being a net exporter and net importer of finished steel between 2020-21 and 2026-27.
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