India Steel Sector Achieves 168.4 MT Production in FY26

India's steel production reached 168.4 MT in FY25-26 with 10.7% YoY growth, maintaining world's second-largest producer position.
PLI scheme generated ₹23,022 crore investment, 2.4 MT specialty steel output and 13,264 jobs across 55 companies.
Steel exports rose 35.8% while imports declined 46.47% in FY25-26, significantly improving trade balance and self-reliance.
Government implemented decarbonization roadmap with 89 units certified for green steel production and ₹20,000 crore CCUS outlay.