Story perspectives
India's Steelmakers Struggle Amid Weak Demand and Rising Inventories
10/14/2025
50 4
1 of 1
Story summary
- India’s small steelmakers face weak demand, rising inventories, and falling prices despite tax cuts.
- The economy grew 7.8% in the April-June quarter, yet steel demand shows sustainability concerns.
- Heavy monsoon rains have hindered construction, a key steel-consuming sector.
- Producers cut output by up to one-third as hot-rolled coil prices hit six-month lows, with no demand upturn expected before December.
