How did India's steel and raw materials industry perform in H1FY'27?

Source: BigMint Oct 10, 2026 08:38

India's steel consumption up 7% y-o-y, outpaces 3% production growth. India Steel Composite Index rises by 12% as input costs surge. Iron ore production rises but so do imports; coal output, imports fall

India's steel industry entered FY'27 with demand growing faster than domestic crude steel production, but higher raw material costs, intermittent plant disruptions, and tighter coal availability limited the pace of output growth. Crude steel production rose 3% y-o-y to 85.1 million tonnes (mnt) in H1FY'27 (April-September 2026), sharply slower than

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