India, June 25 -- The Government of India has issued a release:
1. Steel Production & Prices
1a. Production Overview (in Mt)
Production
May 2026
May 2025
YoY %
Apr-May 2026
Apr-May 2025
CPLY %
Crude Steel
14.1
13.8
1.9
28.0
27.3
2.6
Hot Metal
7.9
7.8
1.1
15.6
15.3
2.2
Finished Steel
13.8
12.9
6.8
27.2
25.7
5.9
1b. Producer wise Production (Apr-May 2026)
Producer
Annual Crude Steel Capacity (Mt)
Crude Steel Production (Mt)
Finished Steel Production (Mt)
Hot Metal
Top 7
117.4
15.4
14.4
14.5
Remaining producers
104.5
12.6
12.8
1.1
TOTAL
221.9
28.0
27.2
15.6
Public Sector Share (%)
13.9
15.7
13.2
30.4
Top 7 includes SAIL, RINL, NSL, TSL Group, AM/NS, JSL(JSPL), JSW Group
1c. Steel Prices (in Rs./tonne)
Product
Apr-26
May-26
Jun-26
MoM %
YoY %
TMT (10 mm)
61,330
63,053
60,068
-4.7%
4.4%
HR Coil (2 mm)
64,393
70,460
70,108
-0.5%
11.2%
CR Coil (0.63 mm)
71,598
77,915
77,053
-1.1%
11.4%
GP Sheet (0.63 mm)
79,993
89,013
86,505
-2.8%
15.8%
Note: Prices are inclusive of GST and shown in Rs./tonne, based on average prices from four metro cities-Kolkata, Delhi, Mumbai, and Chennai.
Indicator
May 2026
May 2025
YoY %
Apr-May 2026
Apr-May 2025
CPLY %
Production
952.6
743.0
28.2
1811.0
1423.9
27.2
Import
120.2
96.3
24.9
228.0
205.3
11.1
Export
24.2
15.8
53.5
42.0
23.6
78.0
Consumption
1085.9
833.5
30.3
1993.7
1599.0
24.7
Indicator
May 2026
May 2025
YoY %
Apr-May 2026
Apr-May 2025
CPLY %
Production
362.0
346.3
4.5
715.0
714.5
0.1
Import
105.4
35.9
193.5
201.0
100.5
100.0
Export
42.3
60.4
-30.0
84.0
102.2
-17.8
Consumption
482.5
309.9
55.7
872.8
696.0
25.4
May 2026
May 2025
YoY %
Apr-May 2026
Apr-May 2025
CPLY %
Finished Steel Consumption
14.4
13.1
9.3
27.4
25.2
8.8
3. Trade Dynamics
3a. Finished Steel - Import & Export
Indicator
Unit
May-26
May-25
YoY %
Apr-May 2026
Apr-May 2025
CPLY %
Imports
'000 t
689.4
424.2
62.5
1368.2
943.3
45.0
Rs Crore
6878.2
4200.6
63.7
13301.2
9501.5
40.0
Exports
'000 t
507.8
390.9
29.9
976.8
766.3
27.4
Rs Crore
3981.4
3434.6
15.9
7801.2
6519.1
19.7
Net Trade Position
India was net importer of finished steel in terms of quantity for the period of Apr-May 2026
Rank
Import Country
Vol. ('000t)
Share %
Rank
Export Country
Vol. ('000t)
Share %
1
China
428.1
31.3
1
UAE
157.5
16.1
2
Korea
361.1
26.4
2
Vietnam
115
11.8
3
Japan
259.8
19
3
Belgium
80.5
8.2
4
Vietnam
86.8
6.3
4
Nepal
79.3
8.1
5
Russia
61.1
4.5
5
Italy
65.7
6.7
3c. Top Categories - Import & Export (Apr-May 2026)
Rank
Import Category
Vol. ('000t)
Share %
Rank
Export Category
Vol. ('000t)
Share %
1
HR Coil/Strip
558.0
40.8
1
HR Coil/Strip
348.3
35.7
2
CR Coil/Sheets
223.5
16.3
2
Pipes
172.8
17.7
3
GP/GC Sheets/Coil
193.0
14.1
3
GP/GC Sheets/Coil
122.3
12.5
4
Plates
136.7
10.0
4
Bars & Rods
115.2
11.8
5
Elect. Sheets
86.1
6.3
5
Plates
114.8
11.8
4a. Domestic Raw Material Prices
Commodity
Unit
May 2026
Jun 2026
MoM Change
NMDC Iron Ore Baila Lump (65.5%, 10-40 mm)
Rs./tonne
5500
5700
3.8%
NMDC Iron Ore Baila Fines Baila Fines (64%, -10 mm)
Rs./tonne
4700
4800
4.4%
MOIL Manganese Ore Lump (Mn 37%, Fe 7.5%)
Rs./tonne
20532
19505
- 5.0%
Scrap - HMS II
Rs./tonne
42533
40665
- 4.4%
Mineral
Total Active Leases as on 31 Mar 2024
No of auctioned mines block from Apr-24 to Jun-26
Iron Ore
337
46
Coking Coal
77
0
Manganese Ore
215
19
5. Key Indices
Index
Mar 2026
Apr 2026
May 2026
MoM Change
YoY Change
Nifty Metal Index (avg.)
12,833.1
13,441.0
13,010.4
-3.2 %
36.5%
PMI Manufacturing Index
53.9
54.7
55.0
0.5 %
- 4.5%
Baltic Dry Index (avg.)
2,047.5
2,442.8
3,048.9
24.8 %
115.0%
6. Policy Initiatives/Industry Initiatives
7. International Co-operation
8. Green Steel Initiatives
Source: Provisional JPC data for May 2026. Mt Million Tonnes; Mtpa Million Tonnes Per Annum; MoM Month-on-Month; YoY Year-on-Year; CPLY Corresponding Period Last Year
Production
1e. Stainless Steel - Production, Import, Export & Consumption (in '000t)
2. Demand (in Mt)
Indicator
4. Raw Materials
4b. Mining Grants & Leases
Disclaimer: Curated by HT Syndication.
