1. Steel Production & Prices
1a. Production Overview (in Mt)
| Production | Aug 2026 | Aug 2025 | YoY % | Apr-Aug 2026 |
Apr-Aug 2025 |
CPLY % |
| Crude Steel | 14.1 | 14.1 | -0.1 | 70.3 | 69.0 | 1.8 |
| Hot Metal | 8.0 | 8.1 | -1.1 | 40.0 | 39.2 | 1.9 |
| Finished Steel | 13.5 | 13.4 | 0.3 | 68.1 | 65.6 | 3.8 |
1b. Producer wise Production (Apr-Aug 2026) (in Mt)
| Producer | Annual Crude Steel Capacity |
Crude Steel Production |
Hot Metal Production |
Finished Steel Production |
| Top 7 | 117.4 | 39.2 | 37.2 | 36.5 |
| Remaining producers | 105.4 | 31.1 | 2.8 | 31.7 |
| TOTAL | 222.8 | 70.3 | 40.0 | 68.1 |
| Public Sector Share (%) | 13.9 | 15.8 | 30.0 | 13.5 |
| Top 7 includes SAIL, RINL, NSL, TSL Group, AM/NS, JSL(JSPL), JSW Group | ||||
1c. Steel Prices (in ₹/tonne)
| Product | Jun-26 | Jul-26 | Aug-26 | MoM % | YoY % |
| TMT (10 mm) | ₹ 60,068 | ₹ 56,698 | ₹ 58,002 | 2.3% | 5.8% |
| HR Coil (2 mm) | ₹ 70,108 | ₹ 69,828 | ₹ 70,448 | 0.9% | 15.5% |
| CR Coil (0.63 mm) | ₹ 77,052 | ₹ 76,582 | ₹ 76,462 | -0.2% | 13.3% |
| GP Sheet (0.63 mm) | ₹ 86,505 | ₹ 86,415 | ₹ 86,668 | 0.3% | 17.7% |
Note: Prices are inclusive of GST and shown in ₹/tonne, based on average prices from four metro cities—Kolkata, Delhi, Mumbai, and Chennai.
2. Demand (in Mt)
| Indicator | Aug 2026 | Aug 2025 | YoY % | Apr-Aug 2026 |
Apr-Aug 2025 |
CPLY % |
| Finished Steel Consumption |
14.3 | 13.8 | 3.9 | 70.3 | 65.7 | 7.0 |
3. Trade Dynamics
3a. Finished Steel — Import & Export
| Indicator | Unit | Aug-26 | Aug-25 | YoY % | Apr-Aug 2026 |
Apr-Aug 2025 |
CPLY % |
| Imports | ‘000 t | 721.1 | 667.9 | 8.0 | 3487.3 | 2692.8 | 29.5 |
| Rs Crore | 7863.1 | 6377.6 | 23.3 | 36193.9 | 26172.6 | 38.3 | |
| Exports | ‘000 t | 693.7 | 528.2 | 31.3 | 2986.0 | 2226.2 | 34.1 |
| Rs Crore | 5541.2 | 3914.9 | 41.5 | 23646.6 | 17911.1 | 32.0 | |
| Net Trade Position |
India was net importer of finished steel in terms of quantity for the period of Apr-Aug 2026 | ||||||
4. Raw Materials
4a. Domestic Raw Material Prices (₹/tonne)
| Commodity | Jun 2026 | Jul 2026 | Aug 2026 | MoM Change |
| NMDC Iron Ore Baila Lump (65.5%, 10-40 mm) |
₹ 5,700 | ₹ 5,450 | ₹ 5,250 | -3.7% |
| NMDC Iron Ore Baila Fines (64%, 0-10 mm) |
₹ 4,850 | ₹ 4,700 | ₹ 4,500 | -4.3% |
| MOIL Manganese Ore Lump (Mn 37%, Fe 7.5%) |
₹ 19,505 | ₹ 18,530 | ₹ 17,603 | -5.0% |
| Scrap — HMS II | ₹ 40,665 | ₹ 38,580 | ₹ 39,970 | 3.6% |
5. Key Indices
| Index | Jun 2026 | Jul 2026 | Aug 2026 | MoM Change |
YoY Change |
| Nifty Metal Index (avg.) | 12,971.9 | 12,556.4 | 13,181.8 | 5.0% | 41.7% |
| PMI Manufacturing Index | 54.2 | 53.5 | 52.8 | -1.3% | -11.0% |
| Baltic Dry Index (avg.) | 2,779.9 | 2,769.9 | 2,951.1 | 6.5% | 47.5% |
Source: NSE, S&P Global, Trading Economics
6. Policy Initiatives/Industry Initiatives
Hon’ble Union Steel Minister Shri H.D. Kumaraswamy reviewed SAIL’s performance, capex and expansion plans. He stressed enhancing efficiency, capacity expansion and faster modernisation to strengthen SAIL’s role in India’s steel sector and support the vision of Viksit Bharat.
SAIL has received the ‘Top Employer’ Certification from the Top Employers Institute, valid till December 2027. This follows its third consecutive Great Place To Work certification, highlighting its strong HR practices, employee engagement and workplace culture.
NMDC recorded iron ore production of 4.07 Mt and sales of 3.58 Mt in August 2026, registering YoY growth of 20.8% and 5.6%, respectively. During Apr–Aug FY27, production and sales stood at 23.23 Mt and 18.72 Mt. NMDC’s Kirandul, Bacheli and Donimalai mines recorded their highest-ever August production.
NMDC has successfully lit up the Indurating Machine at its 2 Mtpa Nagarnar Pellet Plant, marking a key step towards commissioning. The machine will convert green pellets into high-strength iron ore pellets through controlled heating and cooling.
7. International Co-operation
SRTMI and Sweden’s SWERIM have signed an MoU to strengthen cooperation in iron and steel research, technology and innovation. The partnership will focus on joint R&D, green steel, decarbonisation, circular economy, advanced steels, AI/ML and digital technologies, and capacity building.
Mr. Glenn Purves, Deputy Minister, Global Affairs Canada, met Shri Sandeep Poundrik, Secretary, Ministry of Steel, to discuss strengthening bilateral cooperation in the steel sector. The discussions focused on enhancing trade, technology collaboration and investment across the steel value chain.
8. Green Steel Initiatives
SAIL’s Bhilai Steel Plant has launched a CO₂ Dashboard for Bhilai Steel Plant and Chandrapur Ferro Alloy Plant to enable daily monitoring of carbon emissions. The data-driven platform will help identify deviations, support timely corrective action and strengthen decarbonisation and operational efficiency.
Source: Provisional JPC data for Aug 2026. Mt = Million Tonnes; Mtpa= Million Tonnes Per Annum; MoM = Month-on-Month; YoY = Year-on-Year; CPLY = Corresponding Period Last Year.
