Steel demand firm, but higher input costs to pare margin in H2: CRISIL

Next fiscal year, steel demand is expected to grow at a moderate pace of 6.5-7.5%, led by further pickup in construction activity

Steel demand in India is expected to rise 11-13 per cent this fiscal year, after declining 5 per cent in the last due to the pandemic-induced slowdown. 

For the April-November period, demand was up 20 per cent on-year, though offtake in the second quarter was weaker due to a slowdown in construction activities amid the monsoon and a decline in auto production driven by chip shortage. 

We foresee steel demand improving on a sequential basis, as construction ramps up and consumption recovers. 

Next fiscal year, steel demand is expected to grow at a moderate pace of 6.5-7.5 per cent, led by further pickup