Gadchiroli pitched as Maharashtra’s future green steel hub India set to drive next global steel demand wave Italy crude steel output rises 3.1% in May Green steel progress remains slow worldwide
According to market participants, restocking demand is likely to support prices, though gains may be capped if mills ramp up production too quickly.
Steel inventories have remained below 2024 levels since February. By the end of August, stocks in major spot markets stood at about 23.81 million tons—up 5.2% from July but largely in line with last year.
With export demand holding strong and mills having secured sufficient orders, particularly for hot-rolled and cold-rolled coils, market pressure in September is expected to remain limited.
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