India: Steel production remains resilient as leading indicators soften in July

Source: BigMint Sep 01, 2026 08:30

Steel output, exports, automobile production strengthen. Coal production, manufacturing PMI and iron ore imports weaken. Forward-looking indicators point to slower momentum across parts of the economy

India's crude steel production rose to 14.3 million tonnes in July from 14.1 million tonnes in June, extending the resilience of investment-led sectors despite softer signals from manufacturing and mining. Merchandise exports climbed to $44.2 billion, automobile production reached a record 3.4 million units, and electric vehicle registrations touched

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