India, Nov. 5 -- The Government of India has issued a release:
1a. Production Overview (in Mt)
Production
Oct 2026
Oct 2025
YoY %
Apr-Oct
2026
Apr-Oct
2025
CPLY %
Crude Steel
14.1
14.0
0.7
99.1
96.6
2.6
Hot Metal
7.9
8.1
-2.9
56.3
55.3
1.9
Finished Steel
13.4
13.1
2.8
95.5
91.9
3.9
Producer
Annual Crude
Steel
Capacity
Crude Steel
Production
Hot Metal
Production
Finished
Steel
Production
Seven Large Producers
117.4
55.6
52.2
51.4
The Remaining producers
105.6
43.5
4.1
44.1
TOTAL
223.0
99.1
56.3
95.5
Public Sector Share (%)
13.9
15.5
29.4
13.6
Seven Large Producers 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
2. Demand (in Mt)
Indicator
Oct 2026
Oct 2025
YoY %
Apr-Oct
2026
Apr-Oct
2025
CPLY %
Finished Steel
Consumption
14.3
13.4
6.6
99.3
92.4
7.5
3. Trade Dynamics
3a. Finished Steel - Import & Export
Indicator
Unit
Oct-26
Oct-25
YoY %
Apr-Oct
2026
Apr-Oct
2025
CPLY %
Imports
Mt
0.76
0.46
65.8
4.90
3.80
28.9
Rs Crore
8803.6
4027.4
118.6
52493.7
35232.8
49.0
Exports
Mt
0.44
0.64
-32.0
3.98
3.45
15.5
Rs Crore
3913.5
4664.6
-16.1
32177.2
26596.1
21.0
Net Trade
Position
India was net importer of finished steel in terms of quantity for the period of Apr-Oct 2026
4. Raw Materials
4a. Domestic Raw Material Prices (Rs./tonne)
Commodity
Aug 2026
Sep 2026
Oct 2026
MoM Change
NMDC Iron Ore Baila Lump
(65.5%, 10-40 mm)
Rs. 5,250
Rs. 5,400
Rs. 5,400
-
NMDC Iron Ore Baila Fines
(64%, 0-10 mm)
Rs. 4,500
Rs. 4,500
Rs. 4,500
-
MOIL Manganese Ore Lump (Mn
37%, Fe 7.5%)
Rs. 17,603
Rs. 17,603
Rs. 18,483
5.0%
Scrap - HMS II
Rs. 39,970
Rs. 43,810
Rs. 42,258
-3.5%
5. Key Indices
Index
Aug 2026
Sep 2026
Oct 2026
MoM
Change
YoY
Change
Nifty Metal Index (avg.)
13,181.8
13,053.7
12,003.9
-8.0%
16.3%
PMI Manufacturing Index
52.8
55.1
54.7
-0.7%
-7.6%
Baltic Dry Index (avg.)
2,951.1
3,407.7
2,777.3
-18.5%
39.4%
6. Policy Initiatives/Industry Initiatives
7. International Co-operation
8. Green Steel Initiatives
Source: Provisional JPC data for Oct 2026. Mt Million Tonnes; Mtpa Million Tonnes Per Annum; MoM Month-on-Month; YoY Year-on-Year; CPLY Corresponding Period Last Year.
1b. Producer wise Production (Apr-Oct 2026) (in Mt)
Disclaimer: Curated by HT Syndication.
