India Bucks the Global Trend
India's steel market has emerged as one of the strongest among major economies this year, with domestic prices rising sharply even as overseas markets remain subdued. The contrast reflects a widening divergence between India's demand-driven growth story and the supply-heavy conditions prevailing globally. Strong infrastructure spending, manufacturing expansion, construction activity, and higher production costs have supported domestic steel prices, while global markets continue to struggle with excess supply and weak demand, particularly from China.
