Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
Global crude steel production declined by 3.8% year-over-year in May 2025, reaching 158.8 million tonnes, according to the World Steel Association. The drop reflects weakening demand across major economies, particularly in the construction and manufacturing sectors.
China, the world’s largest steel producer, recorded a significant 6.9% decrease in output, producing 86.6 million tonnes in May. This contraction continues a trend observed throughout the year as the country’s real estate and infrastructure activity remains subdued.
The decline is not isolated to China. Global production has been trending downward in recent months, with similar year-on-year drops recorded earlier in 2025 and a 0.9% decrease noted for the full year 2024.
Weaker industrial activity, cautious investment sentiment, and lingering economic uncertainties have all contributed to the steel sector’s slowdown. While lower production levels could potentially ease global oversupply and support prices, sustained recovery depends on a rebound in downstream demand.
Outlook:
If demand in key sectors like construction and automotive picks up, especially in Asia and Europe, a modest recovery in steel output could emerge in the second half of 2025. Until then, producers are likely to remain cautious and closely monitor market signals.
Also Read : India to Achieve Steel Production Capacity of 300 Million Tonnes by 2030 India’s JSW Steel Breaks Output Record Amid Robust Demand
India is projecting its biggest power shortfall in 14 years in June after a slump in hydropower gene...
Announcement 10-May-2024
India's JSW Steel Limited recorded consolidated crude steel production of 6.35 million metric tonnes...
Large Corporate 11-Jul-2024
The government has approved the construction of a 2-lane bypass road with paved shoulders around Gir...
Press Releases 28-Feb-2024
India's state-run refiners are facing a shift in fortunes as once-cheap Russian oil becomes more exp...
Oil & Gas 23-Feb-2024
NTPC's subsidiary NGEL signed an agreement with the Andhra Pradesh government to build an integrated...
Renewables 21-Feb-2024
Steel-Driven Nation Building Emerges As The Highlight In Metalogic PMS 8th Annual Conference Metalo...
India 28-Aug-2025