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Indian tier-1 steelmakers post uneven production growth in FY'26 even as demand outlook remains strong

Source: BigMint May 25, 2026 10:00
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Tata Steel overtakes JSW Steel as largest Indian steelmaker. Focus stays on downstream expansion than volume-led growth. Q1FY'27 margins expected to improve q-o-q despite higher costs
India's tier-1 steelmakers reported mixed growth in crude steel production in FY'26 even as sales increased y-o-y. Among these steelmakers, which account for roughly half of India's crude steel output, only Jindal Steel recorded production growth above India's overall 11% increase in crude steel output.   A prolonged demand downturn during

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