How did Indian iron & steel industry perform in CY24?

Source: BigMint Jan 03, 2025 10:00

BigMint's flagship Steel Composite Index drops 8% y-o-y. Steel imports record a sharp increase of 22% y-o-y. Crude steel production may reach 165 mnt in CY'25.

Morning Brief: By all accounts, the Indian steel industry is shining but, in many ways, growth in demand and production is projected to remain modest in calendar year 2024 (CY'24) in contrast with the buoyancy and momentum witnessed in CY'23. BigMint data showcases this stark reality. Pre-General Election market slowdown in