India’s Steel Sector Booms: Consumption Hits 99.3 Mt, Driving Economic Growth
India’s finished steel consumption soared to an impressive 99.3 million tonnes during April-October 2026, marking a robust 7.5% year-on-year growth and underscoring the nation’s accelerating industrial expansion. This surge highlights the steel sector’s pivotal role in India’s economic trajectory, even as the country became a net importer of finished steel in terms of quantity during the period. Strategic policy interventions and significant investments by public sector enterprises are further bolstering the sector’s long-term trajectory and green transition.