India, Oct. 23 -- The Government of India has issued a release:

1a. Production Overview (in Mt)

Production

Sep 2026

Sep 2025

YoY %

Apr-Sep 2026

Apr-Sep 2025

CPLY %

Crude Steel

13.9

13.7

1.9

85.1

82.7

2.9

Hot Metal

8.1

7.9

1.7

48.4

47.2

2.7

Finished Steel

13.6

13.2

3.2

82.0

78.8

4.1

1b. Producer wise Production (Apr-Sep 2026) (in Mt)

Producer

Annual Crude Steel Capacity

Crude Steel Production

Hot Metal Production

Finished Steel Production

Top 7

117.4

47.8

44.9

44.3

Remaining producers

105.6

37.3

3.5

37.8

TOTAL

223.0

85.1

48.4

82.0

Public Sector Share (%)

13.9

15.5

29.3

13.5

Top 7 includes SAIL, RINL, NSL, TSL Group, AM/NS, JSL(JSPL), JSW Group

1c. Steel Prices (in Rs./tonne)

Product

Aug-26

Sep-26

Oct-26

MoM %

YoY %

TMT (10 mm)

Rs. 58,002

Rs. 65,298

Rs. 66,645

2.1%

26.0%

HR Coil (2 mm)

Rs. 70,448

Rs. 76,085

Rs. 77,620

2.0%

31.6%

CR Coil (0.63 mm)

Rs. 76,462

Rs. 84,972

Rs. 87,010

2.4%

33.3%

GP Sheet (0.63 mm)

Rs. 86,668

Rs. 94,148

Rs. 95,365

1.3%

33.6%

1d. Alloy Steel - Production, Import, Export & Consumption (in '000t)

Indicator

Sep 2026

Sep 2025

YoY %

Apr-Sep 2026

Apr-Sep 2025

CPLY %

Production

1027.2

749.3

37.1%

5834.2

4419.8

32.0%

Import

87.9

79.4

10.7%

601.8

566.5

6.2%

Export

17.4

11.0

58.2%

196.1

74.3

163.8%

Consumption

1159.8

792.0

46.4%

6304.7

4908.1

28.5%

Indicator

Sep 2026

Sep 2025

YoY %

Apr-Sep 2026

Apr-Sep 2025

CPLY %

Production

365.8

374.5

-2.3%

2127.7

2204.7

-3.5%

Import

162.8

56.0

191.0%

805.7

376.2

114.2%

Export

47.8

40.0

19.5%

261.5

322.6

-18.9%

Consumption

465.0

398.0

16.8%

2637.9

2246.1

17.4%

2. Demand (in Mt)

Indicator

Sep 2026

Sep 2025

YoY %

Apr-Sep 2026

Apr-Sep 2025

CPLY %

Finished Steel Consumption

14.4

13.3

7.7%

85.0

79.0

7.6%

3. Trade Dynamics

3a. Finished Steel - Import & Export

Indicator

Unit

Sep-26

Sep-25

YoY %

Apr-Sep 2026

Apr-Sep 2025

CPLY %

Imports

Mt

0.65

0.65

0.4%

4.14

3.34

23.8%

Rs Crore

7496.2

5032.9

48.9%

43690.1

31205.4

40.0%

Exports

Mt

0.56

0.58

-3.8%

3.55

2.81

26.2%

Rs Crore

4617.1

4020.4

14.8%

28263.7

21931.5

28.9%

Net Trade Position

India was net importer of finished steel in terms of quantity for the period of Apr-Sep 2026

3b. Top 5 Countries - Finished Steel Import & Export (Apr-Sep 2026)

Rank

Import Country

Vol. (Mt)

Share %

Rank

Export Country

Vol. (Mt)

Share %

1

China

1.32

31.8

1

UAE

0.50

14.2

2

Korea

1.29

31.1

2

Vietnam

0.48

13.4

3

Japan

0.56

13.5

3

Italy

0.32

9.0

4

Indonesia

0.28

6.7

4

Belgium

0.28

7.8

5

Vietnam

0.18

4.4

5

Nepal

0.24

6.9

3c. Top Categories - Finished Steel Import & Export (Apr-Sep 2026)

Rank

Import Category

Vol. (Mt)

Share %

Rank

Export Category

Vol. (Mt)

Share %

1

HR Coil/Strip

1.47

35.6

1

HR Coil/Strip

1.38

38.9

2

CR Coil/Sheets

0.78

18.9

2

Pipes

0.50

14.0

3

GP/GC Sheets/Coil

0.67

16.2

3

Bars & Rods

0.47

13.3

4

Plates

0.34

8.2

4

GP/GC Sheets/Coil

0.45

12.7

5

Elect. Sheets

0.30

7.2

5

Plates

0.31

8.8

4a. Domestic Raw Material Prices (Rs./tonne)

Commodity

Sep 2026

Oct 2026

MoM Change

NMDC Iron Ore Baila Lump (65.5%, 10-40 mm)

Rs. 5,400

Rs. 5,400

0%

NMDC Iron Ore Baila Fines (64%, 0-10 mm)

Rs. 4,500

Rs. 4,500

0%

MOIL Manganese Ore Lump (Mn 37%, Fe 7.5%)

Rs. 17,603

Rs. 18,483

5.0%

Scrap - HMS II

Rs. 43,810

Rs. 42,258

-3.5%

5. Key Indices

Index

Jul 2026

Aug 2026

Sep 2026

MoM Change

YoY Change

Nifty Metal Index (avg.)

12,556.4

13,181.8

13,053.7

-1.0%

32.7%

PMI Manufacturing Index

53.5

52.8

55.1

4.4%

-4.5%

Baltic Dry Index (avg.)

2,769.9

2,951.1

3,407.7

15.5%

60.4%

6. Policy Initiatives/Industry Initiatives

7. International Co-operation

On the sidelines, NMDC explored cooperation with Russian companies in critical minerals and mining technologies, and invited Russian equipment manufacturers to establish manufacturing facilities in India. MOIL held discussions with Russian technology companies on AI-driven digitalisation of mining operations, while MECON signed an MoU with Zyfra LLC for digitalisation and automation solutions in the mining, metals and energy sectors. MECON also explored cooperation on steel mill rolls and on sintering and pelletisation technologies for projects in India.

Source: Provisional JPC data for Sep 2026. Mt Million Tonnes; Mtpa Million Tonnes Per Annum; MoM Month-on-Month; YoY Year-on-Year; CPLY Corresponding Period Last Year

4. Raw Materials

8. Green Steel Initiatives

Disclaimer: Curated by HT Syndication.