Tag: Manufacturing drives India’s steel demand growth in FY’26

India’s finished steel consumption rose 7% y-o-y to 161 million tonnes (mnt) in FY’26, recording the slowest growth in the post-pandemic era and slightly lower than the 9% increase recorded in 151 mnt in FY’25. This followed a marked shift in the composition of Indias steel demand, with infrastructure-linked consumption remaining stagnant y-o-y at 45 mnt.…