Indian primary steel mills see subdued FY'25 as EBITDA slides y-o-y

Source: BigMint Jun 06, 2025 10:00

Crude steel production shows mixed trends y-o-y. Sharp decline in steel prices drags down EBITDA/t. PAT sinks, JSW Steel hardest hit with 43% fall y-o-y.

Morning Brief: Amid bearish market trends, Indian Tier 1 mills witnessed a downbeat FY'25, with EBITDA/tonne (t) falling by 8-23%. This decline came in the wake of lower steel prices, though there was a slight uptick in sales y-o-y in alignment with the increase in India's steel consumption. Meanwhile, crude