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India's steel production declines 8% m-o-m in Apr'26, consumption weakens sharply: JPC

Source: BigMint May 08, 2026 08:30

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India remained a net importer of finished steel in April. Weak domestic demand continues to weigh on consumption

India's crude steel production declined by 8% m-o-m to 14.086 million tonnes (mnt) in April 2026, as per provisional data released by the Joint Plant Committee (JPC) under the Ministry of Steel. On a y-o-y basis, however, production was higher by 5.8%, indicating continued capacity support despite short-term softness. Importantly,

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