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19-Mar-2026

Indian Steel Sector to have a steady growth in FY26-27

Steady growth is anticipated amid 6.4-7.3% GDP projections, with production outpacing consumption under China's above 50% global dominance and domestic oversupply


'Steel Authority of India shared a presentation that shows utilisation of steel considering the purpose and usage in multiple industries.

IMF in the World Economic Outlook released during Jan’26, has increased the growth projections for 2026 over the projections released during Oct’25. The overall estimates for global economy in 2027 have been published though marginally lower than projections of 2026 with the Emerging & Developing Economies projected to continue outperforming the Advanced Economies. The major assumptions have been status quo on the current trade policies, expectations of steady growth and decline in global inflation.

Though production has reduced, China dominates the global steel production. In fact, the share of China in the global production has been consistently more than 50% of the global production. Among the other major producers, India (10.4%), USA (3.1%), Turkey (3.3%) and Iran (1.4%) have registered positive growth in production during CY’25 over...



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