Steel Sector Compass - Aug 2026

In India, flat steel prices were resilient.The per tonne rebar August price has recovered 13-14 per cent to ~54,500 from a low of ~47,900 in late July 2026. HRC has averaged ~58,328 in FY27 year-to-date (YTD) with support from auto sector demand. Prices of inputs such as iron ore, coking coal, and non-coking coal softened M-o-M but were still up Y-o-Y. Industry growth is expected at 7-9 per cent during FY27. Most narratives are centred on volume recovery in the second half (H2) of FY27, amid

In India, flat steel prices were resilient.The per tonne rebar August price has recovered 13-14 per cent to ~54,500 from a low of ~47,900 in late July 2026. HRC has averaged ~58,328 in FY27 year-to-date (YTD) with support from auto sector demand. Prices of inputs such as iron ore, coking coal, and non-coking coal softened M-o-M but were still up Y-o-Y. Industry growth is expected at 7-9 per cent during FY27. Most narratives are centred on volume recovery in the second half (H2) of FY27, amid declining input costs, and downstream value addition during a period where domestic steel demand will remain strong.

28 August 2026