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Markets4d 1h ago

India's steel demand grew 9% year-on-year in May 2026, leading to an expected industry capacity utilization above 90% in the medium term.

India (New Delhi)

Who
Kotak Institutional Equities
What
India's steel demand grew 9% year-on-year in May 2026, leading to an expected industry capacity utilization above 90% in the medium term.
When
Wed, 17 Jun 2026 07:58:23 GMT · 4d 1h ago
Where
India (New Delhi) ·
Why
Robust domestic steel demand and a 7% CAGR expected in demand over FY2026-29E are driving the high capacity utilization.
The Frontline Impact

How this affects you

The strong demand for steel in India is projected to keep steel capacity utilization above 90% for the medium term, with margins expected to improve despite increases in coal and ore prices. This trend suggests a healthy outlook for the Indian steel sector.

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