India's crude steel production growth expected to slow in FY'27 but consumption may recover faster y-o-y

Source: BigMint Jun 15, 2026 18:20

Steel demand from infrastructure, construction to accelerate in FY'27. Rising energy cost, weak monsoon pose risks to manufacturing growth

Data Deep Dive:India's crude steel production is set to rise 8% y-o-y to 183 million tonnes (mnt) in FY'27 from 169 mnt in FY'26, according to BigMint's projection. While output growth remains robust by global standards, it marks a moderation from the 11% increase recorded in FY'26 as capacity

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