Nerves of steel: The slump has stabilised, but recovery remains elusive

India’s steel sector is under pressure as hot-rolled coil steel prices hit a five-year low, squeezing margins. Earnings for top producers have weakened, and a meaningful recovery is unlikely before 2027. For now, the industry is leaning on steady demand, stable raw material costs, and hopes of extended safeguard duties to keep dumping under check.

from Economy-Prime-Economic Times