India steel consumption jumps 7 to 8 percent in FY26 as infra boosts demand

Output rises too, leaving a tight supply question

India’s finished steel consumption grew 7-8% to about 164 million tonnes in FY26, powered by strength in infrastructure and manufacturing. Alongside demand, crude steel output increased by over 10.7% to 168.4 million tonnes, signaling momentum across the production chain and setting the tone for the year ahead.