India's steel sector demonstrated strong performance in 2025–26, cementing its role as the world's second-largest producer despite global uncertainties. Crude steel output increased by more than 10.7% compared to the previous year, reaching around 168.4 million tonnes, showcasing robust industrial activity. Domestic demand continued to be the main driver of growth, as finished steel consumption hit 164 million tonnes, increasing by approximately 7-8%. This expansion was fueled by heightened activity in infrastructure, construction, railways, and manufacturing sectors, reinforced by the government's ongoing emphasis on extensive infrastructure advancement and urban development. A significant achievement of the year was the robust export performance, as finished steel exports increased by 35.9% to exceed 6 million tonnes (6.6 MnT), while imports fell by 31.7%, allowing India to restore its position as a net exporter. The sector experienced consistent investment growth, with overall steel capacity hitting nearly 220 million tonnes and expected to increase to 300 million tonnes by 2030. Key stakeholders maintained their investments in increasing capacity and enhancing technology, indicating assurance in sustained demand over the long term. Nevertheless, profitability continued to be strained by variable raw material prices, increasing logistics costs, and global price instability. Moreover, interruptions in energy supply, especially gas shortages from the Middle East, created operational difficulties, leading to government action to guarantee continuity.