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Steel ingot output increased by 4.6% YoY in April 2025.
Demand from infra and auto sectors boosted production.
Market sentiment steady despite global uncertainties.
India’s steel industry continues to show resilience, with the country’s monthly steel ingot production rising 4.6% year-on-year (YoY) in April 2025. As per provisional market data, India produced around 4.12 million tonnes of ingots last month, compared to 3.94 million tonnes in April 2024.
The growth is driven by strong demand from infrastructure, construction, and automotive sectors, along with improved capacity utilization in key regions like Punjab, Maharashtra, and Gujarat. Producers benefited from steady raw material availability and stable ingot and billet prices, which supported consistent output throughout the month.
Analysts note that the government’s continued push on infrastructure projects, railway expansion, and affordable housing also contributed to sustained offtake. However, the industry remains cautious of global market volatility and fluctuating input costs like scrap and sponge iron.
With the onset of monsoon-driven infrastructure demand expected soon, market players anticipate a further uptick in production in the coming months.
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