Lok Sabha Question No. 4075 (UNSTARRED), answered on 2026-03-17
Subject: Impact of Rising Steel Prices on MSME Manufacturing Clusters
Ministry: STEEL
Asked by: Shri Pushpendra Saroj

## GOVERNMENT OF INDIA MINISTRY OF STEEL

## LOK SABHA

## UNSTARRED QUESTION NO. 4075 FOR ANSWER ON 17.03.2026

## IMPACT OF RISING STEEL PRICES ON MSME MANUFACTURING CLUSTERS

4075.  SHRI PUSHPENDRA SAROJ:

Will the Minister of STEEL be pleased to state:

- (a)  the  details  of  the  domestic  steel  prices  vis-à-vis  international  benchmark  prices during the last three years;
- (b) whether Indian MSME manufacturers are paying higher input costs compared to global competitors, if so, the reasons therefor;
- (c) whether any assessment has been conducted on the impact of rising steel prices on MSME manufacturing clusters, including margin compression, production cuts or unit closures, if so, the details thereof;
- (d) the number of MSME units in Steel-intensive sectors that reported financial stress, loan restructuring, or shutdown during the said period in the country, State and districtwise especially for Uttar Pradesh;
- (e)  whether  export  policies,  safeguard  duties  or  supply  constraints  contributed  to elevated domestic prices, if so, the details thereof; and
- (f) the corrective trade or pricing interventions proposed to protect  MSME manufacturing competitiveness?

## ANSWER

## THE MINISTER OF STATE IN THE          (SHRI BHUPATHIRAJU SRINIVASA VARMA) MINISTRY OF STEEL

(a)to(f):      Steel is a deregulated sector and steel prices are determined by demand supply dynamics of market forces. The Government acts as a facilitator, by creating a conducive policy environment for the development of steel sector including small and medium producers in the country.

There are no international benchmark prices of steel. The details of domestic steel prices of TMT Rebar and CR Coil during the last three years, i.e. January, 2023 to December, 2026 are at Annexure .

The Ministry of Micro, Small and Medium Enterprises has established 65 Export Facilitation  Centers  (EFCs)  in  its  field  offices  across  the  country  with  the  aim  of providing requisite mentoring and handholding support to MSMEs in exporting their products and services. EFCs support MSME exporters by providing comprehensive assistance across key areas. These include dissemination of information on exportrelated  schemes  and  benefits,  training  and  workshops  on  export  compliance, handholding  in  export  documentation  and  procedures,  engagement  with  industry associations, State Governments, and Director General of Foreign Trade (DGFT) to facilitate MSMEs.

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Annexure Details of domestic steel prices during the last three years:-

|                |   TMT/Rebar (Rs/t) |   HR Coils (Rs/t) |
|----------------|--------------------|-------------------|
| January,2023   |              58536 |             58608 |
| February,2023  |              59311 |             60587 |
| March,2023     |              58530 |             61212 |
| April,2023     |              58011 |             61038 |
| May,2023       |              56487 |             59886 |
| June,2023      |              53731 |             57250 |
| July,2023      |              51396 |             57199 |
| August,2023    |              50879 |             57307 |
| September,2023 |              54784 |             58644 |
| October,2023   |              54608 |             59413 |
| November,2023  |              53271 |             58216 |
| December,2023  |              52074 |             57570 |
| January,2024   |              50820 |             56631 |
| February,2024  |              50854 |             56114 |
| March,2024     |              50485 |             55051 |
| April,2024     |              52593 |             55409 |
| May,2024       |              55900 |             56267 |
| June,2024      |              55085 |             55655 |
| July,2024      |              49975 |             54674 |
| August,2024    |              48574 |             52992 |
| September,2024 |              47949 |             50479 |
| October,2024   |              49922 |             50892 |
| November,2024  |              50157 |             50502 |
| December,2024  |              49015 |             49434 |
| January,2025   |              48570 |             49854 |
| February,2025  |              48822 |             50407 |
| March,2025     |              50388 |             51343 |
| April,2025     |              52390 |             53193 |
| May,2025       |              51125 |             54108 |
| June,2025      |              48756 |             53434 |
| July,2025      |              46318 |             52242 |
| August,2025    |              46439 |             51684 |
| September,2025 |              45748 |             50839 |
| October,2025   |              44835 |             49983 |
| November,2025  |              44722 |             48280 |
| December,2025  |              44824 |             47807 |

Source: Joint Plant Committee(JPC )