News › Markets  ·  29 Aug 2026, 12:59 PM IST  ·  3 days ago

Steel demand outruns capacity as prices stage comeback from monsoon slump: Kotak

Bias: Neutral 0

In one line — Domestic steel demand is projected to remain strong, exceeding capacity additions through FY2029. Robust consumption trends are supported by healthy industrial and infrastructure activity across India. Long steel prices

Bearish
Bullish
−10000+100

Source: Economic Times · AI-summarised by Anadi · Updated 29 Aug 2026, 1:54 PM IST

What Happened

Domestic steel demand is projected to remain strong, exceeding capacity additions through FY2029. Robust consumption trends are supported by healthy industrial and infrastructure activity across India. Long steel prices have recovered significantly and are expected to rise further with favorable seasonality. Flat steel prices are currently at a discount to import parity, with regional prices potentially increasing.