Current Affairs - Economy - Discussion

India’s finished steel consumption increased by 7.9% during April-July 2026, reaching 56 million tonnes (MT), compared with 52 MT during the corresponding period of the previous year. The growth in consumption was higher than the 4.7% increase in finished steel production, which reached 54.7 MT. This stronger rise in consumption indicates robust domestic demand, particularly from infrastructure and construction-related industries. During the same period, India’s crude steel production also increased by 2.4% to 56.2 MT, reflecting continued growth in the country’s steel sector.