# India emerged as one of the fastest-growing steel markets as global steel prices rose across major regions in April and early May.

*business · news · 2026-05-17 · Times of India*

## Key points

- India's crude steel production rose 11% year-on-year in March, outpacing previous months.
- China's steel output contracted 3.2% year-on-year in early May, signaling ongoing supply tightening.
- Goldman Sachs expects US steel prices to remain higher than Europe, China, and Brazil through 2026.
- Delayed execution for China's steel sector capacity and production discipline is now expected in 2026.

**Companies:** Goldman Sachs
**Countries:** India, Brazil, Japan, China, US, Europe

[Read the full story on Times of India](https://timesofindia.indiatimes.com/business/india-business/india-among-fastest-growing-steel-market-as-global-prices-rise-goldman-sachs/articleshow/131156554.cms)

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