Tag: IMD El Niño forecast

India: El Nino could weigh on construction activity and steel demand; regional impact may vary

Jun 26, 2026

—

by

Rahul Shrivas

in HRC

Construction and infrastructure account for around 60% of steel demand Long steel likely to face greater risk than flat products if rural construction slows India’s steel demand outlook for FY27 faces emerging downside risks as meteorological agencies monitor the development of El Nino conditions during the 2026 southwest monsoon season. While El Nino does not…