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March 2026 Issue - From the Desk

As India moves through March 2026, the steel industry finds itself in a phase marked less by expansion and more by tension—between rising costs and cautious demand, between global disruptions and domestic resilience. While the long-term outlook for Indian steel remains strong, the present moment reflects a complex and somewhat uneasy balance.

Over the past few months, steel prices in India have seen a sharp upward trajectory. Hot-rolled coil prices have climbed significantly, driven primarily by escalating input costs. The ripple effects of geopolitical tensions, particularly in West Asia, have pushed… …

Who we are & What we do -

Steel & Metallurgy, established in 1998, is a leading monthly publication dedicated to the global and Indian steel and metallurgical industry. It covers a wide spectrum of sectors including integrated and secondary steel production, casting, rolling, re-rolling, mining, and related equipment and services. The magazine collaborates with key industry bodies like the Ministry of Steel, World Steel Association, and others to promote steel consumption and development.

Over the past 27 years, it has also organized numerous impactful seminars and conferences across India and Southeast Asia.

Interview - Fabiola Fernandez

“LEADERSHIP BEHIND THE STRATEGY: An Interview with SMS Management Team”An Interview with CFO and Member of the Managing Board of SMS group.

In an exclusive dialogue with Nirmalya Mukherjee, Editor-in-Chief of Steel & Metallurgy, we host Ms. Fabíola Fernandez, CFO and Member of the Managing Board of SMS group. The interview took place during her visit to Gujarat for the landmark inauguration of the SMS India state-of-the-art manufacturing facility in Sanand, Ahmedabad, on January 21, 2026. This new 80,000-square-meter site represents a strategic expansion for the SMS group, designed to complement their existing plant in Bhubaneswar, which has… …

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From the Desk - By Nirmalya Mukherjee

April 2025 – FORGING AHEAD: INDIA’S STEEL SECTOR DEFIES GLOBAL HEADWINDS

As we close the books on FY 2024–25, India’s steel industry has once again demonstrated its strength—not just in numbers, but in narrative. At a time when traditional steel strongholds like the European Union are grappling with idle capacities, high production costs, and uncertain demand, India has carved out a compelling story of resilience and upward momentum.

March 2025 – NAVIGATING THE CROSSROADS: INDIA’S IRON AND STEEL INDUSTRY IN FY’25
The fiscal year 2024-2025 (FY’25) presented a complex landscape for India’s iron and steel sector. While the industry sustained its growth trajectory, the pace moderated due to global demand fluctuations, a downturn in Chinese steel production, and a surge in imports into the domestic market.
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