Following a 7% m-o-m decline in April, the growth in crude steel production during 4MCY’25 moderated to 0.4% y-o-y from 0.6% in the first quarter. A struggling realty segment and contraction in manufacturing activity pressured crude steel production, despite mills logging robust profits, strong export bookings, and decent domestic demand. In tandem, pig iron production stood 0.8% higher y-o-y at 289 mnt in January-April.
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