New Delhi: As India's steel demand remained robust in May, surging nearly 9 per cent on YoY, industry capacity utilisation is expected to stay above 90 per cent in the medium term, as per a report by Kotak Institutional Equities.
Domestic steel demand grew 9 per cent year-on-year in May 2026 and 8.7 per cent in FY26-to-date, following 7.6 per cent growth in FY26 after four consecutive years of double-digit expansion. It further noted "exports increased 30 per cent YoY, on a weak base, to 0.5 million tons, but were outpaced by imports of 0.7 million tons in May 2026."
