India–US Trade Tensions Rise Over Steel and Auto Tariffs NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
Several of India’s small and medium-sized steel producers have started reducing output as domestic demand weakens and steel prices continue to decline, according to industry officials and trade data.
Falling prices, driven by subdued construction activity and high inventories, have squeezed margins for non-integrated producers who rely on scrap and sponge iron. Many smaller mills across Chhattisgarh, Maharashtra, and Punjab have curtailed production by 15–30% in recent weeks.
While large integrated producers like Tata Steel and JSW Steel have maintained stable operations, secondary steelmakers—who account for nearly 40% of India’s total output—are struggling with rising input costs and limited financing.
Industry experts attribute the slowdown to post-monsoon delays in construction projects and lower rural demand. Additionally, increased imports and subdued export orders have worsened the situation for small producers.
Analysts expect operations to normalize by early 2026 as infrastructure and housing activity picks up under government capital expenditure plans. However, near-term pressure on pricing and profitability may persist for smaller mills.
Also Read : India’s Green Steel Demand to Reach 4.49 Million Tonnes by FY2030: EY Report Steel and Wind Energy Sectors Sign MoU for Future Growth of Wind Power Industry
China's property market collapse has left its steelmakers with an oversupply that they are offloadin...
Ferrous 07-May-2024
Indian government-run company Kudremukh Iron Ore Company Limited (KIOCL), has shut down its 3 millio...
Mid Corporate 12-Jun-2024
India's steel exports soared to an 18-month peak, reaching 1.1 million tonnes (MT) in January 2024,...
Ferrous 26-Feb-2024
India’s core industrial output rose 3% year-on-year in September 2025, led by strong performan...
Construction 22-Oct-2025
✔️ China’s steel output cuts create uncertainty for iron ore demand.✔️ Seasonal construction d...
China 26-Mar-2025
The demand for Brazilian steel slabs in the U.S. has surged following the recent increase in import...
US 22-Feb-2025