New Delhi, May 18 -- India has continued to strengthen its position as the world's fastest-growing major steel producer, with crude steel output growth accelerating sharply in March 2026, according to the latest Global Steel: The Steel Market Barometer - May Update report released by Goldman Sachs.

The report highlighted that India's steel sector continues to outperform most major global markets despite mixed trends across the international steel industry.

"In March, India's crude steel production growth accelerated to 11% y/y (vs +10% y/y YTD and +7% y/y in Feb)," the report said.

The strong growth trajectory reinforces India's emergence as a critical demand and production hub in the global steel ecosystem at a time when several major...