PIB News
Domestic Demand Fuels Growth in India's Steel Sector in H1 FY 2026–27
India's steel sector experienced growth in the first half of the fiscal year 2026-27, driven by strong domestic demand. According to the Ministry of Steel, crude steel production reached 85.1 million tonnes, marking a 2.9% increase compared to the same period last year. Finished steel production also rose by 4.1%, totaling 82 million tonnes. Additionally, steel prices have seen significant year-on-year increases, with hot-rolled coil prices rising by 31.6% and cold-rolled coil prices by 33.3%.
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