New Delhi [India], July 6 (ANI): India’s metal sector posted broad-based development within the first quarter of FY2026-27, with completed metal consumption rising at a quicker tempo than manufacturing, whereas the nation remained a web importer of completed metal, in accordance with knowledge launched by the Ministry of Steel on Monday.
The ministry’s newest provisional knowledge confirmed completed metal consumption grew 8.3 per cent year-on-year to 41.6 million tonnes throughout April-June 2026, outpacing completed metal manufacturing, which elevated 5.9 per cent to 41.0 million tonnes, indicating continued power in home demand.
On a month-to-month foundation, completed metal consumption rose 7.2 per cent year-on-year to 14.2 million tonnes in June, whereas completed metal manufacturing elevated 6 per cent to 13.8 million tonnes.
The Ministry of Steel mentioned the nation’s metal sector ‘recorded development in Q1 FY2026’ throughout key manufacturing and consumption indicators.
Crude metal manufacturing additionally remained on a development path. According to the ministry, crude metal output rose 3 per cent year-on-year to 42.1 million tonnes throughout April-June, whereas June manufacturing elevated 3.9 per cent to 14.1 million tonnes.
The knowledge additionally highlighted India’s continued dependence on imports to satisfy home demand. The ministry mentioned, ‘India was web importer of completed metal when it comes to amount for the interval of Apr-Jun 2026.’
Finished metal imports rose sharply through the quarter. Imports elevated 49.2 per cent year-on-year to 2.06 million tonnes throughout April-June, whereas exports rose 31.4 per cent to 1.59 million tonnes over the identical interval.
The launch additionally confirmed that home metal costs softened throughout June in contrast with May. TMT (10 mm) costs fell 4.7 per cent month-on-month to Rs 60,068 per tonne, whereas HR Coil costs declined 0.5 per cent, CR Coil costs fell 1.1 per cent, and GP Sheet costs had been down 2.8 per cent.
Among uncooked supplies, NMDC’s iron ore costs moved larger in June. NMDC Baila lump ore costs elevated 3.6 per cent month-on-month to Rs 5,700 per tonne, whereas Baila fines rose 3.2 per cent to Rs 4,850 per tonne. In distinction, manganese ore costs fell 5 per cent and scrap costs declined 4.4 per cent.
Highlighting business developments, the ministry mentioned the nation’s steelmaking capability remained at 221.9 million tonnes each year, supporting progress in the direction of the National Steel Policy goal of 300 million tonnes by 2030.
The ministry additionally famous a number of coverage and business initiatives through the month, together with a digital transformation drive for the metal sector, the grant of Miniratna Category-I standing to MECON, the anti-dumping investigation into hot-rolled flat metal imports from China, Japan and Russia, and the graduation of development of JSW Group’s proposed 2 MTPA built-in metal plant in Kadapa, Andhra Pradesh.
On inexperienced metal initiatives, the ministry mentioned SAIL Rourkela Steel Plant launched a CO Dashboard, describing it as ‘a first-of-its-kind digital platform with 100% ERP-SAP primarily based knowledge integration to strengthen its decarbonsation efforts.’ (ANI)