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Indian steel industry stumbles in Sep'25 but outlook remains strong

Source: BigMint Nov 13, 2025 08:30

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Manufacturing PMI slides to 4-month low. Crude steel production drops by 4% m-o-m. GST cuts, festive demand boosts auto sales

Morning Brief: India's steel industry witnessed sustained growth in September 2025, albeit at a slower pace. While crude steel production fell m-o-m as the monsoon impacted consumption trends, end-user activity moderated slightly, except in the auto sector. The Index of Industrial Production showed a growth rate of 4%, a three-month low.

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